According to a survey by Citadele bank Citadele, compared with the last summer, Estonian people have become more pessimistic about the prospects of increasing their wages . The number of those who think that in the next six years their wages are likely to decrease, and also increased number of people confident that their income will remain unchanged. The latest data from the Department of Statistics, in the fourth quarter of last year the average gross wage in Estonia was 1959 euros, And the growth of wages compared with the previous periods has slowed down. And Although Estonia’s economy
shows significant signs of improvement, people in the country have become more skeptical about the possibility of increasing their income. “Six months ago we asked people how they think their wages will change in the next year. We recently repeated a similar survey and found out that the number of those who are confident has increased, that their wages
will not change or even will decrease, said the head of the retail banking department of the Estonian branch Citadele Marina Hakiainen. If last summer 8% believed that their wages were likely to decrease, this has now increased to 11%.
remain unchanged or even decrease, ” Hakiainen explained. According to the Citadele survey, the number ofThe number of people who think that their wages may increase soon has remained the same. In the summer there were 23% of such people, and the same number is still there today. The more favorable economic situation in Lithuania and Latvia has been for some time
contributing to more confidence of their people in their income and sense of security. While in Estonia Estonia 23% of respondents expect a 23% wage increase, in Lithuania this indicator is 35%, and in Latvia – 29%. In addition, in these countries there are fewer people who are worried about the decline of income. Some 8% of respondents in Latvia and 7% in Lithuania. Hakiainen added, that though Estonia is the least
believed in an increase in wages, the continued decrease in Euribor always leaves many of they have more money. “It allows the creditworthiness of the current creditworthiness in the new year. though income and income could slightly decrease because of increased taxes or no growth in wages,” Hakainen said. As
in the previous study, there was a clear difference between people with higher higher and lower income. The higher people’s wages, the more the more they believe that it will increase further. “For example, 37% of those earning more than 2000 euros said that their wages are likely to increase, but only 15% of the percentage earning less than 1,000 euros responded the same way,” Hakainen explained. The survey commissioned by Bank Citadele was conducted by research firm Norstat in three Baltic countries. In each country was surveyed in total of 1000 people. Citadele
aims to bring innovation into the banking sector in the Baltic countriesand offer people and businesses more opportunities to use banking services. Besides day-to-day
banking services, Citadele offers services based on financial technology, including a modern mobile application, as well as contactless and instant payments. Citadele was the first in the Baltic countries to introduce name payments, open accounts with electronic identification, and also rings supporting contactless payments. Citadele Group – Latvian financial concern. Citadele Citadele Group has its head office in Riga, while subsidiaries and branches operate in Estonia Latvia
and Lithuania.
