As much as 1/3 of Poles forced by pandemic to reach for savings

At the moment, about 50 percent of Poles have savings which they deem sufficient and which provide them with a sense of security. However, only 14 percent declares that it is now putting aside more than it was before the pandemic. Almost 1/3 of respondents emphasize that they can only save smaller amounts. The more difficult situation forced almost every third to reach for blackheads in order to be able to ensure their daily maintenance and cover all expenses – according to the periodic ‘Provident Barometer’ survey conducted on the occasion of the World Savings Day on October 31.

“Due to the fact that World Savings Day is approaching, we asked Poles questions about how they save in these difficult, pandemic times. It turns out that our attitude towards saving changes, our financial needs change and the security cushion increases, i.e. the amount that we perceive as the one that provides us with peace,” Karolina Łuczak, spokeswoman for Provident Polska, said.

According to the ‘Provident Barometer’ survey, for many Poles the Covid-19 pandemic was associated with the necessity to breach their savings. Nearly 50 percent declared that their current income was sufficient for their maintenance, but 1/3 of Poles had to reach for the funds they had set aside. Almost every fifth person (18 percent) admitted, however, that they had no savings that could be used in this more difficult situation.

(Newseria)