Education and housing repairs emerge as top spending priorities for Uzbek families – Central Bank report

While the majority rely on formal employment, other participants cited a variety of alternative revenue streams, including income from personal plots of land, seasonal labor, entrepreneurship, student scholarships, social benefits, and remittances sent by relatives working abroad. Notably, the data revealed that income derived from dividends and bank deposits represents the smallest share of household earnings across the country.

Optimism regarding future earnings remains high among the public. The survey found that 67% of participants expect their income to increase in the coming months, while 25% anticipate no change. Only 8% expressed concern that their financial intake might decrease. Confidence in salary growth is particularly strong among middle-income earners – specifically those making between UZS 7 million and UZS 10 million per month. Conversely, those in the lowest bracket (up to UZS 3 million) and the highest brackets (above UZS 15 million) were more likely to predict that their income levels would remain stagnant.

Expectations also vary significantly across economic sectors. Professionals in IT, media, public administration, agriculture, trade, and catering services expressed the highest confidence in imminent wage hikes. In contrast, those employed in science, education, utilities, and the construction industry reported lower expectations for salary improvements.

On the expenditure side, 76% of respondents foresee an increase in their future spending. The survey highlighted that housing renovations and education are the most significant financial priorities for the population. Interestingly, even lower–income groups (earning up to UZS 5 million) prioritize education and home repairs above other costs. High–income earners, those making over UZS 20 million per month, are more focused on purchasing automobiles, acquiring real estate, and international travel.

Spending patterns are also heavily influenced by age demographics. Individuals under 30 primarily direct their funds toward education and home improvements. Those in the 31–50 age range focus on a combination of home repairs, children’s education, healthcare, and family celebrations. For citizens over the age of 51, the largest expenses are typically reserved for health restoration and traditional wedding ceremonies. Based on these findings, the Central Bank anticipates that the coming months will see sustained consumer demand in the construction, education, and medical sectors.