In December 2023, the consumer confidence indicator stood at 1 and, against November, increased by 2 percentage points, the State Data Agency reports.
household finance
23 articles
In June 2023, the consumer confidence indicator stood at minus 3 and, against May, decreased by 2 percentage points, the State Data Agency reports.
Lithuanians’ average savings in their bank accounts would allow them to survive for six months without receiving wages, according to a Nordea bank economist.
The Bank of Lithuania has proposed regulations for the insurance investment market, aimed at strengthening consumer protection and capping how much insurance companies can charge for asset management.
The average Lithuanian’s monthly pay packet grew by 5.9% in the final quarter of 2015, with a 4.6% rise in the public sector but a larger 6.7% rise in wages in the private sector.
Almost half of all Lithuanians have taken out loans or bought something on credit, but very few take an interest in their credit histories, something that may force them to pay higher interest rates on future loans, experts say.
The highest monthly salary in Lithuania last year hit €250,000 with about 200 people earning into the tens of thousands monthly according to TV3 news.
Lithuanian banking regulators have hit a consumer credit company with a fine of €30,000 for issuing loans to unemployed applicants, the biggest penalty of this kind to date.
Many Lithuanians are still keeping large amounts of money at home rather than lodging it in a bank, according to a new survey.
The Bank of Lithuania has drafted a list of private banking services that it proposes should be made more accessible. If the proposal is endorsed by parliament, commercial banks will have to provide basic services like debit card administration, cash withdrawals and money transfers in the EEA to the...
The government-run company Būsto Paskolų Draudimas, or Housing Loan Insurance, will search for people who have defaulted on their loans and emigrated to the United Kingdom.
Two thirds of Lithuanians trust insurance companies and the same number of people is suspicious of instant credit companies.
The survey of financial literacy commissioned by the Bank of Lithuania has revealed that Lithuanians have only partially learned the lessons of the previous financial crisis. In case of losing the source of income, 30 percent of the polled said they would successfully cover living expenses for at le...
Although more than half of Lithuanians believe their knowledge of personal finance planning is "good" and a third think that it is at least "average", as many as 45 percent of those surveyed would have difficulties to pay for unexpected expenses of up to EUR 300.
Fifty-five percent of women in Lithuania who are married or have a partner feel financially insecure. The main factor of the insecurity is the lack of a financial back-up plan, according to a survey of married women commissioned by Lithuanian Life Insurance Companies' Association and carried out by ...
A study of the expenses of households carried out by Swedbank's Institute of Private Finances has revealed that Lithuanians spend less money on food than Latvians and Estonians. A family of four people that lives in Vilnius spends EUR 291 per month on recommended food products. The same food product...
One in ten respondents in Lithuania reported that the economic situation of their household and the country as a whole has improved over the last two months.
A telephone poll conducted by the company Provident Finansai revealed that the introduction of the euro did not change habits of personal financial management of many Lithuanians with lower income.
Swedbank Lithuania's data shows that residents of Lithuania last year borrowed EUR 2,317 (LTL 8,000) on average for their consumer needs.
It seems that Lithuanians care little about their financial security after retirement - their knowledge about the pension system is poor, expectations are trailing behind reality and actions are sluggish, according to SEB bank.
