An assesment of saving behavior of Lithuanian high school students

Abstract

This article aims to assess the saving behaviour of Lithuanian high school students. The survey questioned their ability to save, saving level, regularity in saving, saving motives, attitude towards saving, saving motivation and confidence in the saving skills of Lithuanian high school students. A total of 440 questionnaires were collected in spring 2017 portraying a representative sample of Lithuanian high school students’ population. Results of the survey revealed that the level of saving among Lithuanian high school students is relatively high and similar to the levels of adolescent savings in the other countries. Most of Lithuanian high school students are irregular savers; their overall attitude towards saving is close to neutrality; their motivation to save may be viewed as moderate, despite their acknowledgment of necessity to save. The aggregate data revealed that the vast majority of the surveyed students tend to underestimate their saving behavior habits and skills. Results of this survey are comparable with the results of the other studies in the same age group across different countries and with the results of Lihthuania household surveys in other age groups.