According to a study of the financial situation of citizens in the country, conducted by ROSGOSSTRAKH Life, the lowest household debt load was recorded in Moscow - 34.5% of residents have one or two loans, however, a fifth (20%) of them doesn't even know the conditions and interest rates, the study said.

In general, in Russia, every second respondent has one or two loans. 49% of Moscow respondents said they keep records of income and expenses. This indicator throughout the country amounted to 56.5%.

In Moscow the majority of respondents (67.3%) noted that they know how to manage their income. In the country this indicator among respondents reached 72.2%.

According to the study results, Moscow is the leader in the share of residents with savings (54.5%). While in the country this indicator amounted to only 36.4% of respondents.

As Ivan CHUBAR, Director for strategic analysis at ROSGOSSTRAKH Life, mentioned, in 2019 Russia ranked 9^th in terms of financial literacy among G20. "This is a good result, but many Russians still don't know how to manage their finances correctly and thus don't have "financial cushions" in the event of a crisis. In order not only to save, but also to earn, financial literacy is one of the most important conditions for success: the higher it is, the more people are interested in alternative deposit instruments. And now we see more and more clients like that", he explained.