The Public Opinion Research Center has been studying the savings and indebtedness of Poles. Our wealth is constantly growing. Does this translate into attitudes related to saving? Every third Pole is indebted, and every fifth has debts and has no savings. See what has changed in recent years.
55% Poles have savings
Just 55 percent Poles have some savings. It’s not much but much better than it used to be. In 2010, this indicator was only 37 percent. Within a year and a half (since VIII 2017), this indicator increased by 6 points interest from 49%
This, of course, is related to the wealth of the farm – the better the respondents assess their situation, the greater the savings they declare. Greater savings are also associated with socio-demographic characteristics. They are declared by younger, better educated and living in larger cities.
75% respondents could live on savings for at least two months without reducing their standard of living. Of these, almost every fourth could live longer than half a year, and every tenth would have enough for a month. Just 3 percent of respondents with some savings would not be able to survive for even a month.
Inhabitants of the largest cities with the largest amount of debts
Despite the increase in the level of savings, the level of indebted households did not fall. 39% respondents have some obligations, and 3 percent has trouble paying them back. Cash loans or loans are most often declared by residents of the largest cities aged 35-46 with higher education.
Therefore, having debt is not related to the level of wealth. Both poor and rich respondents declare a similar level of debt. On the other hand, poor households more often have problems with paying their debts (6% of them).
All respondents can be divided into four groups: those who have savings and have no debts (36 percent), those who have neither savings nor debts (25 percent), and those with debts, 20 percent of whom are there are no savings, and 19 percent they’re not here.
The situation in which all revenues are allocated to current expenses and there is no saving applies mainly to the elderly, aged 65 and over.