Lithuanians would spend unexpectedly received 2000 Euros for recreation and entertainment

As much as one third of the Lithuanians would spend unexpectedly received 2000 Euros for their vacations, travel and entertainment, which is shown by the public opinion poll conducted at the request of Šiaulių bankas. One fifth of the respondents would renew their homes for this money, a press release from the bank states.

The respondents were asked how they would spend the unexpectedly received 2000 euros. The majority of respondents in such cases would give priority to entertaining, not to practical purposes. Women, people aged 18-45, metropolitan residents and residents with higher education are more likely to spend on holidays, trips abroad, entertainment. People over the age of 46 and unemployed are the least interested in travelling and entertainment.

The second area after leisure and rest, for which the population would spend an unexpectedly received amount of money, is home renewal. Nearly one fifth of the respondents would spend unexpectedly received 2000 Euros for housing renewal, for new home appliances.

"Looking at the consumer lending statistics of Šiaulių bankas, we can see that when borrowing people more often refer to practical goals: housing renewal or purchase of a new car. However, they would act differently with unexpectedly received money, for example, winnings, in which case entertainment is preferred. This suggests that Lithuanians also take into account origin of the money when planning how to spend it: at borrowing they are more practical", says Goda Butkienė, Director of Financial Services Development Department of Šiaulių Bankas.

For the unexpectedly received money, men tend to buy a car twice as likely as women. In addition, such a purchase is more relevant to younger people. Almost a quarter of 18-25 years old Lithuanians would spend the unexpected amount of 2000 Euros for the purchase of a car.

The least Lithuanians would spend money on education and studies. Lower-income people tend to use money for this purpose more often.

Senior respondents would spend money on health services, but mostly they would tend to save or invest: more than one quarter of the respondents aged over 56 would spend unexpectedly received 2000 Euros for this purpose.

Students and schoolchildren are least likely to save money: nearly half of the young people surveyed would be most likely to spend unexpectedly received 2000 Euros on holidays, trips abroad and entertainment.

The public opinion survey was carried out in May of this year at the request of Šiaulių bankas. It was attended by 18-75 years old population from all regions of the country: a total of 1005 respondents were interviewed.

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