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The start of the school year puts Estonian families' wallets to the test
Translated from Estonian and summarized by DistantNews. Read the original for the full story.
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- SEB savings-deposit data show that Estonian household budgets face their greatest pressure at the end of summer.
- The average amount withdrawn from savings deposits in August reaches €385, about one-third more than the annual average.
The start of the school year is putting Estonian families' finances under pressure. While people often associate the biggest expenses with Christmas and the end of the year, SEB savings-deposit data point to a different period of strain.
The data show that August brings the highest withdrawals from savings deposits. The average amount taken out reaches €385, around one-third more than the average for the year.
About this summary
Originally published by Postimees in Estonian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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