Survey: Only 1 in 10 Romanians say they have enough savings
<p>Only 11.4% of Romanians believe they have saved enough to meet their financial needs, highlighting growing financial insecurity, according to a recent survey by Bulgarian lender tbi bank.&nbsp;</p>

<p>Inflation and rising expenses continue to pressure Romanian household budgets, with 43% of respondents saving only small amounts, 32% not saving at all, and 14% dipping into their savings.&nbsp;</p>

<p>Nearly 28% took out a loan in 2024 or plan to do so soon, while 24% already have ongoing loans.&nbsp;</p>

<p>Financial insecurity is the main driver behind the increasing demand for credit, with 28% citing insufficient savings and 20% stating that their expenses exceed their available budget. Many plan to borrow for major purchases, unexpected expenses, or health-related costs.&nbsp;</p>

<p>“The need for financing among Romanians is growing as inflation makes it harder for households to save. Before taking out a loan, people should carefully evaluate their income, expenses, and debt levels. Solutions like Buy Now, Pay Later (BNPL) can help consumers manage purchases with interest-free installments,” said Gergana Staykova, Market Lead at tbi bank.&nbsp;</p>

<p>The survey also found that 41% of those considering a loan would borrow under RON 10,000 (EUR 2,000), while 25% are looking at amounts over RON 80,000 (EUR 16,000). Over 60% prefer personal loans, with most respondents estimating they could repay their debt within three to five years, though a significant portion would need over five years.</p>

<p>The findings indicate a growing reliance on credit as Romanians struggle to manage household budgets, with alternative financing solutions becoming increasingly necessary.&nbsp;</p>

<p>The survey was conducted in 2024 on a national sample of 1,003 internet users, with over 50% earning a net income exceeding RON 4,000.</p>

<p><em>andrei@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Tero Vesalainen/Dreamstime.com</a>)</em></p>