Photo: Nina zotina / RIA Novosti
Debt load of Russians to banks in 2014 increased by 1.5 times. About this newspaper “Izvestia”, citing a review of the debt load of the population prepared by the self-regulating organization “national Association of collection agencies” (NAPCA).
If in 2014 the Russians was, on average, banks have more than seven wage, in 2018, the amount increased to 9-10 wages, and in 2019 — to 11. As writes the edition, the income of about seven million people (10 percent of borrowers) does not exceed 50 thousand rubles per month. More than half of the amount spent on loan payments.
About 2.3 million people, whose income is 20 thousand rubles, after the payment on the loan remain with the 11-12 thousand rubles, which is close to the subsistence level or poverty line. Another 4.7 million Russians after the payment on the loan remains little more, the newspaper notes.
The demand for loans is growing due to the fall in revenue, the President of the organization Elman Mehdiyev. Similar is the opinion of the chief analyst “BCS Premier” Anton Pokatovich. According to him, the cause of the growing debt load is becoming a trend to reduction in incomes and living standards of Russians.
According to Pokatovich, most of the loans take the Russians with low level of life, which increases pressure on their already low income. In the future two years, this trend may lead to serious negative social consequences, he said.
In NAPCA estimates that from January to may 2019, the volume of Bank lending to individuals increased by 23 percent compared to the same period last year. According to the study, currently, 75 per cent of the economically active population have loans. However, this corresponds to the indicators of developed countries.
Previously, the Central Bank and Ministry of economic development there was discussion about the impact of the growth of consumer credit in the Russian economy. The regulator has published a report according to which in the first quarter of 2019, Russia’s GDP grew by 0.5 percent in annual terms. The Central Bank believe that the only driver of the economy was the increase in the number of consumer and car loans.
Disagree the head of the Ministry Maxim Oreshkin, who said that without restrictions on the payment to income on the market “inflated bubble”. According to the Minister, the current situation, Russia may face social and economic consequences already in 2021.
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