As of March 2022, expenditure cuts were named a strategy in case of serious financial difficulties by most Russians. Slightly over one half of survey participants responded that they would look for an extra source of income. The share of those who would apply for a bank loan amounted to only five percent.
If you or your family faces serious financial difficulties, which of the following would you do?
Characteristic
Share of respondents
Cut my spendings, try to get along without some things
66%
Find an extra job
53%
Spend savings (either those in cash or from the bank account)
25%
Borrow some money from relatives, friends
19%
Sell some of my property
16%
Use the existing credit card or apply for a new one
13%
Postpone my bills payments (utilities, loan payments)
11%
Pawn some of my property
8%
Take a loan from a bank
5%
Ask my employer for a loan or early payout
4%
Take a microloan (from a microfinancial organization)
The survey was conducted in 53 regions of Russia
The original question was phrased as follows: "Если случится так, что у Вас (Вашей семьи) в ближайшее время возникнут серьезные финансовые трудности, что из перечисленного Вы предпримете?"
Multiple answers were possible.
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NAFI Research Centre. (March 15, 2022). If you or your family faces serious financial difficulties, which of the following would you do? [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1297618/strategies-in-case-of-financial-difficulties-russia/
NAFI Research Centre. "If you or your family faces serious financial difficulties, which of the following would you do?." Chart. March 15, 2022. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1297618/strategies-in-case-of-financial-difficulties-russia/
NAFI Research Centre. (2022). If you or your family faces serious financial difficulties, which of the following would you do?. Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1297618/strategies-in-case-of-financial-difficulties-russia/
NAFI Research Centre. "If You or Your Family Faces Serious Financial Difficulties, Which of The following Would You Do?." Statista, Statista Inc., 15 Mar 2022, https://www.statista.com/statistics/1297618/strategies-in-case-of-financial-difficulties-russia/
NAFI Research Centre, If you or your family faces serious financial difficulties, which of the following would you do? Statista, https://www.statista.com/statistics/1297618/strategies-in-case-of-financial-difficulties-russia/ (last visited January 04, 2025)
If you or your family faces serious financial difficulties, which of the following would you do? [Graph], NAFI Research Centre, March 15, 2022. [Online]. Available: https://www.statista.com/statistics/1297618/strategies-in-case-of-financial-difficulties-russia/