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According to the survey survey "Maxima retail Compbad", 38.6% of Latvian households saw their income increase over the last year, an increase of 11.1% over the previous year. 39, survey conducted the previous year. In addition, the number of people who think that food prices are rising significantly is declining.
Respondents aged 18 to 24 represent the largest proportion of the age group experiencing income growth: 58.8% (43.5% on average) and 7.8% (on average 4.9%) . indicates that income has increased significantly. At the same time, in this age group of 18 to 24 years, the number of respondents who think that food prices have risen is lower: 82.8% (on average 90.1%). This indicates the stability of the youngest group of respondents in the labor market, as indicated by Central Bureau of Statistics data on the distribution of the number of employees by monthly gross earnings by age group.
"As incomes rise, however, residents in the second quarter of this year expect less savings and expensive purchases.First, it's a seasonal trend, and planning is postponed until the fall, the winter season, the approach of the holidays Secondly, this may be due to an improvement in the perception of the population on the future development of the country – people feel safer, savings are less important. This trend will also be verified in future sector surveys as the growing willingness of citizens to spend more on their money can have a significant impact on the economy, "says Zane Kaktina, Director of Maxima Latvija's Business Analysis Department.
Similarly, over the past 12 months, respondents' perceptions of the trend in household spending remained stable. In comparison, most respondents who increased their spending live in Vidzeme (72.7%) and at least one child under 18 (76.7%) is raised in the family. But relatively high spending fell on high-income people (4.2%) and those aged 45 to 55 (4.4%).
The study was conducted in cooperation with the market research center and public opinion "SKDS" in July 2018 – 1005 respondents aged 18 to 74 years participated.
Maxima Retail Compbad is an overview of the retail sector in which experts from the retail network Maxima Latvia presented their badessment of the retail situation and its future trends.
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