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Millennials and Credit Life: The Price of Status and Financial Risks

... Finances Unlike previous generations, millennials are less inclined to save and more focused on consumption. A Deloitte study revealed that 60% of millennials lack long-term savings, preferring to spend money in the present. Due to uncertainty in the job market and an unstable economy, many prefer to seek immediate gratification rather than saving for the future. What Risks Does Living on Credit Carry? Increasing Debt Burden The more is spent on status purchases, the higher the risk of falling into a ...

Frozen Deposits in Russia: How Real Is the Risk? How to Protect Your Savings Amid High Interest Rates

... for regular income or planned expenses. Erosion of Trust: Such a measure would diminish public confidence in banks, leading many to seek alternative ways to store wealth. Increased Volatility: A freeze could trigger currency depreciation, heightened market instability, and surging inflation. How to Protect Your Savings: Practical Strategies If you believe the risk of a deposit freeze is high, consider these steps to safeguard your finances: Diversify Investments: Avoid concentrating all your savings ...

Growth of Money Supply in Russia by 19.2%: What It Means for Investors

... Acceleration of inflation. Excessive growth in money supply can lead to rising prices for goods and services. Currency devaluation. If the money supply grows faster than the economy, it can lead to a decline in the ruble exchange rate. Distortions in financial markets. Excess liquidity may lead to speculative asset price growth. What Should Investors Pay Attention To? The growth of money supply is a signal that investors should consider when shaping their strategies. Here are several key aspects: Inflation ...

What is the Central Bank's key rate, in simple terms?

... instability, changes can occur more often. At each meeting, experts assess the state of the economy, the level of inflation, employment and other factors to decide whether to raise, lower or maintain the rate. My position as the founder of Open Oil Market For businesses, especially for companies engaged in commodity markets, like Open Oil Market, the key rate affects many things - from the cost of loans for the purchase of products to the ability of customers to pay for raw materials on time. With ...

Where does the Ural Mining and Metallurgical Company (UMMC) invest?

... processing more ore and increasing metal yield. Kyshtym Copper Electrolyte Plant: The plant, located in the Chelyabinsk Region, is one of the largest producers of copper cathode in Russia. These products are in demand both on the domestic and global markets due to their high quality. Smelting equipment: The plant has modernized its smelting units, which allows reducing production costs and improving environmental performance. Export potential: The plant's cathode copper is used in the electrical ...