Russia: consumption changes due to COVID-19 2020

More than one half of Russians have experienced financial troubles due to the coronavirus (COVID-19) pandemic as of the end of 2020. Furthermore, 16 percent of survey respondents did not feel a significant impact on their income, although became more conscious about their spending.

Effect of the coronavirus (COVID-19) pandemic on consumption patterns in Russia from September to December 2020

Characteristic	Share of respondents
Existing constrained	21%
Newly constrained	53%
Cautious insulated	16%
Unrestricted insulated	10%

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Release date

February 2021

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Region

Russia

Survey time period

September to December 2020

Supplementary notes

The source defined the groups as follows:
"Existing Constrained – were financially constrained already prior to COVID-19;
Newly Constrained – experienced decline in the financial situation, started watching their budget more consciously recently;
Cautious Insulated – no significant effect on income, but started being more conscious about spending;
Unrestricted Insulated – financial situation has not changed or improved, no need to watch their spending."

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