Majority of Bulgarians Report Decreased Savings Amid Inflation Surge

A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.

Max Baklayan, an investment expert at EKIP, explained on BNR that the proper approach to finances is to prioritize saving for future needs before spending on immediate desires. Unfortunately, many Bulgarians only save after fulfilling all current expenses and wants....