From April 11 to May 30, 2023, PiggyVest surveyed thousands of Nigerians — of different ages, genders and income brackets — about their saving and spending habits. We shared the fascinating results in our first-ever savings report, and the reception has been incredible.
Now, we want to test your knowledge of the report. Did you skim or study it? Let’s find out.
According to the report, what percentage of Nigerians do not save?
64%
15%
21%
53%
Correct!
Wrong!
What are the top 3 goals Nigerians are saving towards?
Vacation, Rent and Japa
Rent, Education and Japa
Children, Cars and Japa
Vacation, Children and Cars
Correct!
Wrong!
Who are Nigerians most likely to be indebted to?
Friends or family
Loan apps
Banks
Church
Correct!
Wrong!
Which generation is saving up most for emergencies?
Gen Z
Millennials
Gen X
Boomers
Correct!
Wrong!
According to the report, all Nigerian income earners pay black tax.
True
False
Correct!
Wrong!
What percentage of Nigerians report earning no income?
30%
32%
35%
20%
Correct!
Wrong!
What generations are most likely to be in debt?
Gen X and Millennials
Gen Z and Gen X
Millennials and Boomers
Gen Z and Boomers
Correct!
Wrong!
What is the top future goal for Nigerians of all ages?
Starting or growing a business
Buying real estate
Relocating to a different country
Starting a family
Correct!
Wrong!
Which generation is the least likely to have multiple income streams?
Gen Z
Millennials
Gen X
Boomers
Correct!
Wrong!
Food came in as the top personal expense for Nigerians. What was the second top personal expense?
Clothing and Personal Upkeep
Transportation
Childcare
Utility Bills
Correct!
Wrong!
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QUIZ: How Well Do You Know The PiggyVest Savings Report 2023?
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