Domestic Society
22:08 22 February 2021
Post by: WBJ

41% of Poles declare lack of money for basic needs in 2020

41% of Poles declare lack of money for basic needs in 2020
Source: Photo by Alexander Trukhin on Unsplash

The number of Poles declaring a lack of money for current expenses and permanent liabilities decreased to 41 percent in 2020 from 47 percent in 2019, according to a study conducted by Maison & Partners for the BIG InfoMonitor Debtors Register. Serious financial problems are more common in the 25-44 age group.

"First of all, the number of people experiencing embarrassing situations every few months has decreased, by 3 percentage points, to 13 percent. The people in the most difficult position, who face the dilemma of where to get the money for their bills or basic purchases changed from 8 percent to 7 percent. Symbolically, but there are also fewer people who have insufficient finances or the inability to manage the budget. Due to the economic conditions, this positive change can probably be attributed mainly to the improvement of discipline in managing the household budget. This is confirmed by the results of the research – the percentage of people indicating the tendency to spend too much as the reason for their problems fell from 20 percent to 10 percent,” the release reads.

"But this reserve is not large, and if the economic situation does not improve, it is hard to expect that in the long run, the change in financial management and the tightening of the belt will be enough to stop the increase in the number of people in serious trouble. And now every sixth person is far from financial peace, no talking about the feeling of security,” Sławomir Grzelczak, the president of BIG InfoMonitor. said.


big infomonitor
maison & partners
sławomir grzelczak
basic needs

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