A recent survey reveals that a significant portion of Lithuanians plan to invest their pension funds in various financial instruments, while others prefer spending or saving the money.
A recent survey conducted among residents of Lithuania has highlighted the varied preferences for the use of funds withdrawn from the second pension pillar. According to the findings, 17% of respondents indicated they would invest their funds in securities, funds, or other investment instruments. Meanwhile, 13% would spend the withdrawn sums on various purchases or services, while just over 11% plan to keep the money in their current accounts. Interest in using these funds for paying off existing debts was noted, with one in ten respondents considering this option.
The survey results reflect a trend among residents towards prioritizing security and stability when managing larger sums of money. Many individuals displayed a preference for investing in real estate or traditional savings accounts. However, there is also a noticeable increase in interest in investment opportunities, particularly among younger or financially savvy individuals. Julius Ivaลกka, the director of the Business Service Department at Urbo Bank, commented on the rising inclination towards investments, emphasizing the shift towards more informed financial decisions.
Furthermore, the analysis revealed that the choice to invest in securities or funds is more common among men and those with higher education levels. This points to a growing awareness and understanding of financial products amongst certain demographics, suggesting a potential shift in the economic behavior of the population as they navigate their financial futures.
