Goal-oriented Men in Kazakhstan: Preferred Destinations for Initial Deposits

Collaborative Sociological Insights Unveil Kazakh Men's Financial Mindset

A fascinating peek into Kazakh men's perspectives on finance and savings, reported by Liter.kz, stemmed from a comprehensive joint study with the Institute of Marketing and Sociological Research Elim, in partnership with the Fund for Guaranteeing Deposits of Kazakhstan.

Here's a snapshot of the key demographics:

An impressive 80% of respondents are married, and 88% boast a higher education or academic degree.
37% of the respondents are entrepreneurs or work in the service, trade sectors.
22% are employed in the real sector of the economy: production, transport, communication, construction, agriculture.
7% work in science, education, culture.
6% are economists, financiers.
5% are IT professionals.
2% are building careers in public administration.
2% are military personnel or work in the legal field, with a quarter of them being young guns under 30. Interestingly, the small representation of military personnel in the sample could be due to the data collection method involving city and settlement street surveys and phone calls.

Diving deeper into the findings, 32% of male respondents have savings and bank deposits, with 33% among men under 30. The highest share of depositors belongs to respondents with families - a whopping 81%.

Building a financial safety net (52%) and addressing unforeseen circumstances (52%) are the primary motivators for opening a deposit.
Real estate or vehicle purchases (16%), business ventures (5%), generating passive income (5%), and educational expenses (4%) follow suit as secondary reasons.

45% of the respondents highlighted interest rates as their primary concern when opening a deposit, while 31% valued easy cash transactions. Bank reputation (29%) and mobile banking convenience (19%) also played significant roles in their deposit decisions.

It's essential to know that the Fund for Guaranteeing Deposits of Kazakhstan safeguards the deposits of individual citizens, including bank accounts, bank cards, and deposits. The extent of this coverage depends on deposit type and currency:

20 million tenge for savings deposits in tenge.
10 million tenge for other tenge deposits, as well as tenge bank cards and accounts.
5 million tenge for all deposits, bank cards, and accounts in foreign currency.

This article is brought to you by an amalgamation of the base article and enrichment data, with a focus on clarity, approachability, and readability. For more in-depth insights or additional context, consult the original input.

The joint study conducted by Liter.kz, the Institute of Marketing and Sociological Research Elim, and the Fund for Guaranteeing Deposits of Kazakhstan revealed that 32% of Kazakh men have savings and bank deposits, with a higher percentage among men under 30 (33%).
Among the primary motivators for opening a deposit, 52% of Kazakh men are focused on building a financial safety net and addressing unforeseen circumstances, while 45% emphasize interest rates as their primary concern.
Regarding attitudes towards personal finance and banking, ease of cash transactions (31%) is a significant factor in deposit decisions, followed by bank reputation (29%) and mobile banking convenience (19%).
The Fund for Guaranteeing Deposits of Kazakhstan provides protection for the deposits of individual citizens, with coverage varying depending on deposit type and currency; for instance, savings deposits in tenge are protected up to 20 million tenge, while deposits, bank cards, and accounts in foreign currency are covered up to 5 million tenge.