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Survey: Latvians optimistic about income levels

More than half of Latvia's population believe their income will remain at a previous level after COVID-19 crisis, according to a survey by SEB Bank, Latvian Radio reported on June 4.

According to the survey, 53% of residents forecast that their income levels will not change in the next half-year, SEB Bank head Ieva Tetere told Latvian Radio.

The survey was conducted in all Baltic States, and the results show that Estonian stance is similar and about half of the population expect their income to remain stable. Lithuania's mood is more cautious - only 30% believe that income levels would not change but almost half think it will decrease.

Tetere said that Latvia's population has generally not taken out much in loans but 30% of those with loans have acknowledged difficulties fulfilling obligations, and 16% forecast that there would be even greater difficulties

The survey also revealed that 26% of Latvian population have already dug into their savings, many acknowledged that savings are almost up, said Tetere.

The positive news is that 12% of the population have started to save.


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