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Article

Существует ли инвестиционный потенциал сбережений населения России

In the domain of personal savings, Russia today is characterised by three main features: quite modest amount of accumulated money (total amount is equal to 12 per cent of GNP; per capita amount of saving is equal to -300), great social and geographical unevenness of savings' distribution (not more than 20 per cent of adult population have got any savings; one-third of all savings are concentrated in Moscow), and a very big portion of money saved in cash form (half of the total amount of savings). A strong propensity to save in cash is determined for the most part by a strong and growing mistrust in private banks and securities. Theoretically speaking, the amount and distribution of savings make it possible to transform into investment about 30-40 per cent of cash savings (-7-10 billion). But mistrust in private financial instruments and structures makes it unreal at least in a short-run prospect.