Cluster analyzes of households' saving habits

Abstract

The issue of self-care is becoming more and more important since the last years because of the economic environment. Our research used a household questionnaire to measure self-care behavior, and the degree to which households may to be influenced by the state through a variety of incentives. The questionnaire was completed in 578 households. Cluster analysis was performed based on 16 variables in order to test the different segments we divided households into. We decided to create four clusters. Their properties were the following names: 1 Self-caring with financial knowledge; 2 Self-caring without financial knowledge; 3 Carpe Diem; 4 Hope-based self-care. Keywords: cluster, households, savings, state influence, financial culture