
28% of Estonian residents prefer to invest at least part of the money left over after mandatory spending. Younger people are much more active in investing their savings than older people, the Kantar Emor study, commissioned by the LHV. Investments. Illustrative Photo Pexels
28% of Estonian people prefer to invest at least a part of the money remaining
after obligatory spending. Young people are much more active in investing their savings than older people, according to a study by Kantar Kantar Emor, commissioned by LHV.
The largest
portion of investors is among young people in age 16-24 years (40%) and 25-34 years (38%). In the age group 50+ this indicator is the lowest. LHV Nellie Janson, head of the LHV investment community noted that the results demonstrate an increase in financial literacy in all
age groups, especially among young people.
“Inflation reduces the purchasing power of money, so everyone should think about investing savings. Janson said.