Re:Russian central bank confirms block on foreign bids to se...
by kwhitefoot on Monday February 28, 2022 @08:32AM
(#30499599)
According to Wikipedia median Russian wealth is only a bit over 5 kUSD per person. Ukraine 2.5 kUSD. I haven't been able to find figures for actual savings in Russia but this page https://www.expertmarket.com/credit-card-processing/countrie... gives figures for the countries that save most. Russia is not on the list, but for comparison Norwegians mean annual savings are almost 5 kUSD per year.
So Russians might not be on the edge of starvation but I imagine that a substantial minority could find themselves close to that edge quite quickly.
Re:Russian central bank confirms block on foreign bids to se...
by shafyy on Monday February 28, 2022 @08:28AM
(#30499562)
The median US citizen's savings is around $5k, and the US is the richest country on Earth (or so I'm told) [0]. So, my point stands: Most people don't have a lot of savings, and don't have the luxury to just save money for a later date.
0: https://www.valuepenguin.com/banking/average-savings-account...
Re:Russian central bank confirms block on foreign bids to se...
by soared on Monday February 28, 2022 @09:30AM
(#30500186)
That is bank account value (typically spending money and emergency fund) and does not include retirement savings (401k, ira) or other wealth stores (house, car) so itβs not really an accurate picture of long term savings.
Russia is not a country of people living on the edge of starvation. They have savings and save up to buy houses like any middle class people.