78% of Poles don’t plan on saving in the next 12 months – report

According to a report published by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH), as many as 78 percent of Poles doesn’t plan on making any savings in the next 12 months. Compared to last quarter’s result, the number of Poles without any plans to save money has dropped. “The climate for saving has once again improved. The balance of answers to this question has risen by 7.5 percentage points compared to the results of the second quarter of 2017 and has reached the highest level since 1997,” study showed. At the same time 42.5 percent of respondents believe that now is a good time to start saving, while 57.5 percent claim the opposite. In Q2 the results were 39.7 percent and 60.2 percent respectively.