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Latvian residents remain dissatisfied with their families’ financial state

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For several years in a row the majority of Latvian residents remain dissatisfied with their families’ financial state, according to results of Baltic International Bank Latvian Barometer.

In the latest study, 56% of respondents admit that the financial state of their families is average. 29% consider the financial state of their families as poor. Only 12% of respondents are satisfied with their families’ financial state.
 

Respondents also seem pessimistic about possible changes of their financials state for the next twelve months – 47% believe the financial state of their families will not have changed over the course of the year. Study results also show that Latvians are generally more optimistic than respondents of other nationalities. 25% of Latvian respondents expect their financial state to improve in the next twelve months, whereas only 11% of respondents of other nationalities expect the same.
 

When asked to assess the state of Latvia’s labour market, most respondents mentioned that the possibility of finding a job in the country is low. 55% of respondents with primary education mentioned this. Nearly as many respondents with secondary or vocational education mentioned this as well. Residents with higher education are more optimistic. Still, a more critical opinion was voiced by 49% of respondents. Only 1% of respondents with higher education mentioned that opportunities to find jobs in Latvia are very good.
 

When asked to score the work performed by Latvian government, 73% of respondents said they are dissatisfied. The biggest criticisms were voiced by farmers, housewives and individual workers. 20% of respondents said they are satisfied with the government’s work.
 

According to the latest study results, 49% of respondents view Latvia’s economic state as poor. 42% of respondents consider it average. Only 6% of respondents view Latvia’s economic state as good. When asked to compare Latvia’s current economic situation with what it could be after 12 months, 47% do not expect it to change. The most optimistic respondents are found in Zemgale (29%). They believe the economic situation will have improved after a year. 28% of respondents in Latgale expect the situation to worsen.

BNN

15-02-2018
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