Coronavirus affects saving and spending behaviors of citizens

Coronavirus affects saving and spending behaviors of citizens
Date: 21.5.2020 16:00

While the coronavirus outbreak seriously affected the saving and spending behaviors of the citizens, the process again "took it out of pocket".

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"Turkey's Saving Trends Survey" of 2020 compared to the first quarter results, based close to the previous quarter, the percentage of those planning to make savings in the future by 6.2 percentage point decrease in percent 29.2 vs. fell. 
 
According to the survey, 58 food-store percent of respondents 56 percent experienced an increase in billing expenses.
 
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ING Turkey, "Turkey's Saving Trends Survey", according to the results of the first quarter of 2020, compared to the previous quarter the rate of those close to austerity plans to do so in the future 6.2 percentage points to 29.2 vs. fell. According to the research, 58 percent of the participants experienced an increase in food-market and 56 percent in their invoice expenses.
 
ING Turkey, the year 2011 in order to watch the saving propensities of individual adults living in urban areas in Turkey since IPSOS in Turkey carried out in collaboration with Saving Trends Survey (TTE) 2020 has announced its first quarter results. In this period, the ownership of savings increased by 0.4 percent compared to the previous quarter to 13.4 percent, but decreased by 0.8 percent compared to the same period last year.
 
In the first quarter, the ratio of those who plan to save in the near future decreased by 6.2 points compared to the previous quarter to 29.2 percent. On the other hand, the ratio of those who aim to save in the next three months rose to 16 percent, with a three point increase compared to the previous quarter.
 

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Striking results also emerged in an additional study conducted in April to demonstrate the effect of the coronavirus outbreak on saving and spending behavior. Accordingly, 58 percent of the participants experienced an increase in food-market and 56 percent in invoice expenses. Health expenditures were followed by 38 percent, and telecommunications by 36 percent. While the biggest decline in spending was on the trip with 79 percent, this was followed by food, drinking, transportation, accommodation, clothing / accessories and fuel categories, respectively.

YEREL HABERLER

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