Recent data indicates that Lithuanians are becoming increasingly financially resourceful, with a notable rise in the middle class and higher income brackets. The number of individuals earning over €5,000 before tax has tripled compared to the previous year. This growth is attributed to the country’s shift towards high value-added sectors, leading to increased salaries, especially among the younger generation.

Despite these positive trends, traditional saving habits persist. Many Lithuanians prefer to keep their savings in bank accounts or as cash at home. Financial experts recommend exploring alternative methods, such as investments or bank deposits, to protect against inflation and enhance financial growth.

Additionally, a survey by Citadele Bank revealed that Lithuanians are the most optimistic among the Baltic states regarding future salary increases, with optimism rising by nearly 9% since the summer.

These developments reflect a growing financial awareness and adaptability among Lithuanians, contributing to improved economic well-being and resilience. More info can be found on: Are Lithuanians becoming increasingly financially literate? – MadeinVilnius.lt