The majority of Latvia’s population (67%) are satisfied with their lives. In addition to that, every tenth respondent noted that he or she is fully satisfied with life in Latvia. 29% of respondents are of the opposite opinion, saying they are not satisfied with their lives, according to results of the latest DNB barometer.
When asked to mention the most important factors that prove their satisfaction with life in Latvia, 74% mentioned good health, 61% – material well-being and 51% mentioned good relationships within the family. 32% of respondents note their overall satisfaction with life is formed by certainty about the future.
‘Data from DNB barometer and results of the bank’s everyday activities show spring has brought a much-needed degree of optimism in people’s opinion on the current situation and their desire to work in order to improve their quality of life. Residents’ overall optimism has increased in nearly all of our analysed indexes. The same applies to the bank’s volume of loans. One year ago, politicians and macroeconomics experts talked about the national economy rapidly recovering and that there is great potential for long-term growth. However, while residents felt no difference in their wallets at the time, latest data shows that Latvian companies have noted positive changes in the past couple of months. This optimism has been transferred to their employees,’ – explains DNB Bank’s Customer Service manager in Latvia’s regions Normunds Rudzītis.
When asked about their overall satisfaction with their and their family’s material welfare, respondents were somewhat more sceptical – 53% said they are satisfied and 42% said they are dissatisfied. In 2011, in response to the same question, only 28% of respondents gave a positive answer.
At the same time, when asked to comment on any possible changes to their level of welfare in the last five years, 39% of respondents said their state remains the same, 25% said their state has improved. Only 30% of respondents mentioned that their state has worsened.
In an attempt to determine what impacts a person’s level of welfare – his own actions or external factors – respondents did not express a common opinion. Comparing data from 2011 and 2014, DNB experts concluded that respondents more often mention that their level of welfare depends more on their own actions in 2014 (46%) than it did in 2011 (37%). Three years ago respondents mentioned more often that their level of welfare depends more on external factors.
Finally, when asked to mention the most important factors in a person’s ability to achieve success, 57% of respondents mentioned good education. 39% mentioned keeping in contact with ‘the right people’. 36% mentioned a person’s level of energy. 28% mentioned the person’s wit and ability to ‘get up’ in the world. Only 8% of respondents mentioned living by the principle of ‘goals justify the means’.