Half of Lithuanian households would struggle to cover unplanned expenses

In such case, they would first of all ask for money from their family members and friends, or go to a bank or a consumer credit company.

These were the results of a representative survey, ordered by the company 4finance and conducted by OpenAgency and Norstat LT.

Expenses of a size of a minimum monthly wage would become a serious challenge to many residents of Lithuania. Those financially threatened are more likely to be people younger than 50 years of age, unmarried people receiving minimum pay.

Eighty percent would borrow from their families, half from friends. A fifth of those surveyed would ask for a bank loan, while a sixth of them would take out an online credit. Other options, such as selling or pawning one’s valuables or asking for a loan at one’s job, were not so popular.

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