The Central Bank of Russia published results from Wave 6 of its All-Russian Survey of Consumer Finance, showing that 65% of Russian households reported an increase in real incomes over 2022–2024 and that confidence in the stability of their financial standing rose. The survey also recorded higher expenses and an increase in the number of households with savings, with middle-income respondents reporting the most notable rise in financial assets. While the share of households with debts did not change significantly, average debt increased in 2024 compared with 2022, partly due to a higher proportion of respondents holding large loans. Mortgages were more commonly taken out by households whose incomes improved significantly in 2024.
Central Bank of Russia 2025-03-27
Central Bank of Russia survey finds 65% of households reported real income growth in 2022–2024
The Central Bank of Russia's Wave 6 All-Russian Survey of Consumer Finance indicates 65% of households experienced real income growth from 2022 to 2024, with increased confidence in financial stability. The survey also noted higher expenses, more households with savings, and a rise in average debt, particularly among those with large loans. Mortgages were predominantly taken by households with significant income improvements in 2024.