Real incomes of citizens have been falling for four years in a row, which does not prevent them from actively increasing the amount of funds deferred. Following the results of 2017. the savings of Russians grew by 13.9% and reached 29.5 trillion rubles. Such data are quoted by Rosstat. Most residents of our country trust their hard-earned commercial banks. Thanks to the deposit insurance system, they are not afraid to lose everything in one moment. As of early December, the volume of deposits owned by individuals amounted to 19.6 trillion rubles (and this is without taking into account foreign currency deposits). Under the mattress in the form of cash, Russians stashed 5 trillion rubles, in securities are stored 4.7 trillion rubles, according to Izvestia,.

The increase in savings is even more impressive, given that the official level of inflation in the country last year was 2.5%. Citizens can be proud of the result and in absolute numbers. At the end of 2016. Russia's GDP amounted to 61.1 trillion rubles, that is, the residents of the country managed to postpone for a rainy day almost half of this amount.

The volume of savings could be even greater, but, as noted earlier in the Central Bank, the Russians around the middle of last year began to gradually abandon the savings model of behavior. It is typical for the period of economic instability, so that the inhabitants of our country obviously felt noticeable improvements.

According to Rosstat, in the first half of 2017. the population postponed an average of 200 billion rubles a month, and in the second half of the year the pace slowed, and the average amount of savings amounted to 150 billion rubles a month. That is, people began to spend more on goods and services, which has a beneficial effect on the state of the economy.

Nominal growth of wages has strengthened confidence of Russians in tomorrow. For 11 months of the last year the salary on the average has grown on 3,2%, has calculated Rosstat. The most significant increase in the salaries of social workers - by 10% in the first three quarters of last year, was added to the Ministry of Economic Development. In November, as a whole, in all branches of the economy salaries increased by 5.4% yoy.

The growth of wages is facilitated by the situation in the labor market. The demographic hole in the 1990s led to a shortage of qualified personnel in many sectors. For valuable employees, employers are willing to pay more. In addition, last year the regions diligently pulled their tails under the May decrees of the President on increasing salaries in a number of industries up to the average for the region.

Head of Macroeconomics and Finance of the Center for Macroeconomic Analysis and Short-Term Forecasting Dmitry Belousov believes that savings last year rose primarily due to favorable deposit rates. They declined slightly after the Central Bank's discount rate (from 8% to 7.4% in the top 10 banks over the past year), but still remain attractive to the population.

Head of the Center for Market Research at the Higher School of Economics Hryhoriy Ostapkovich believes that the growth of household savings is a positive factor for the economy. "When the accumulation increases for a rainy day, the economy develops. Money is mostly kept in banks, which then send them to business lending. The business invests funds borrowed into its production, thereby increasing the GDP, "the expert explained..