A recent survey conducted by Bigbank indicates a significant trend among Latvians regarding the use of recovered tax overpayments. The results suggest that for many individuals, this financial return is not merely additional income, but rather an essential support for their daily budgets. Specifically, the data shows that seniors and low-income households are the most likely to allocate these funds towards necessary expenses such as food, medications, transportation, and utility bills, especially given the high tariffs during the current heating season.

Bigbank's Latvia manager, Edgars Surgofts, explained the demographic correlation, highlighting that the allocation of recovered overpaid taxes towards daily spending is logical when considering the financial pressures faced by these groups. This trend underscores the practical implications of tax policy and economic conditions on vulnerable populations, showcasing how government regulations can significantly impact ordinary citizens' lives.

Interestingly, the survey also indicated that nearly one-fifth of respondents (17%) plan to invest these additional funds into savings or security. Thirteen percent of respondents intend to deposit their recovered sums into savings accounts, while 4% aim for long-term investments. This behavior appears more prevalent among higher-income households, suggesting that while some individuals are focused on immediate needs, others are looking to strengthen their financial futures. This dual aspect of the survey highlights the diverse financial priorities and strategies employed by different segments of the population in Latvia.