11 Aug

Debt and Savings in the Caucasus

Following on the consumption theme, it appears that about half of all Armenians, Azerbaijanis, and Georgians have debt. And few Armenians and Georgians have any savings (Azerbaijanis are slightly more likely to have savings).

While this isn’t the most mind blowing analysis, it is interesting to get some insight on how people are managing their money (or not).