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Household Finance and Consumption Survey 2020 in Latvia: Summary Report

Author

Listed:
  • Ludmila Fadejeva

    (Bank of Latvia)

  • Janis Mauris

    (Bank of Latvia)

  • Ieva Opmane

    (Bank of Latvia)

  • Andris Fisenko

    (Bank of Latvia)

Abstract

This paper presents results from the fourth wave of the Eurosystem Household Finance and Consumption Survey (HFCS) for Latvia conducted in 2020. The paper focuses on the net wealth components of the household balance sheet – real assets, financial assets and liabili- ties. The report includes three special boxes – on precautionary savings, on potential change in household balance sheet due to rising interest rates and expenditures, and on the effect of Covid-19 pandemic. A detailed description of the use of administrative data in the HFCS database construction is provided in the Appendix.

Suggested Citation

  • Ludmila Fadejeva & Janis Mauris & Ieva Opmane & Andris Fisenko, 2023. "Household Finance and Consumption Survey 2020 in Latvia: Summary Report," Discussion Papers 2023/01, Latvijas Banka.
    • Handle: RePEc:ltv:dpaper:202301
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    File URL: https://datnes.latvijasbanka.lv/papers/discussion/DP_1_2023.pdf
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    More about this item

    Keywords

    household finance and consumption survey; Latvia; assets; liabilities; net wealth; financial vulnerability; income; consumption;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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