
In recent weeks, social media users have been passionately arguing about the 300 thousand euros accumulated by President Edgars Rinkevich and invested in government savings bonds – is it a lot or a little, and where does he get that kind of money? Some have publicly expressed doubts that an honest person could accumulate such sums. Therefore, Delfi Bizness decided to model how much you need to save and invest to accumulate such an amount in 25 years. It turns out that if you earn as well and save money as scrupulously as the president did, then it is not difficult. As a survey by SEB Bank showed in March of this year, just over a quarter of Latvian residents have no savings, that is, they live from paycheck to paycheck. Among those who earn from 350 to 1000 euros per month, every third person has no savings. The study also found that low-wage workers in this group were forced to deplete their savings, if any, due to rising living costs in the past year. Perhaps, therefore, it is not surprising that the savings of almost 300 thousand euros in government savings bonds and another almost 100 thousand euros in various accounts indicated in the president’s declaration may cause one to wonder how a resident of Latvia, who is not engaged in a successful business, managed to accumulate such sums? At least a few people were actively discussing this last week on the social network X. Delfi Bizness found out theoretical ways on how you can save 300 thousand euros.