According to Vedomosti.ru, the key indicator reflecting the financial condition of the population in Russia—the debt burden coefficient (PDN)—reached its highest level in the third quarter of 2025. This information was provided in a report by the Central Bank of Russia.
The PDN coefficient is calculated as the ratio of individuals’ total monthly loan payments to their official income. This indicator plays a significant role in evaluating the ability to repay loans.
The report states that the PDN level has reached 41.3 percent. This means that Russians with loans are directing nearly half of their average monthly income toward repaying their debts.
Experts are evaluating this situation as dangerous. A large portion of the population is heavily reliant on loans, which could lead to a reduction in consumer spending and a decline in economic activity.
The Central Bank is advising credit institutions to be cautious when granting loans to borrowers with high debt burdens and to consider the PDN when assessing risks.
It has been noted that if this indicator rises further or remains high for an extended period, it could escalate risks of economic instability.
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