As much as 42 percent of Poles had to cut expenses in pandemic

During the Covid-19 pandemic, as much as 42 percent of Poles had to give up or reduce some of their expenses. Most often it concerned going on vacation, buying new clothes, shoes, cosmetics, or electronics/household appliances. More than half of the respondents indicated that during the pandemic they did not need such purchases, but 31 percent of them had to make savings due to a reduction in income or loss of job. Interestingly, every fifth Pole also decided to limit expenses due to the increased environmental awareness. The Ecological Debt Day, falling this year on July 29 (celebrated almost a month earlier than last year) shows, however, that the level of consumption is already starting to return to the pre-pandemic level.

"Poles declare that their financial situation has not changed during the pandemic – 45 percent of them did not notice any special change. Another 24 percent did not feel any deterioration either, but they are still concerned about what their financial situation will look like. In contrast, 10 percent of Poles indicated that – due to job loss or reduced salaries – their financial situation had deteriorated significantly during the pandemic," Agnieszka Salach, KRUK SA spokeswoman, indicated.

The Covid-19 pandemic did not affect the financial situation of 69 percent of Poles. However, almost every fourth is afraid that it may change in the coming months – according to a survey conducted for KRUK on a group of nearly 1,100 respondents over 18 years of age. The study also shows that on average every tenth Pole felt his situation worsened as a result of the pandemic, but only 5 percent of them were unable to pay bills and other financial obligations on time. The same percentage reported that they had experienced an improvement in their finances thanks to the pay rise granted by their employer during the pandemic.

(Newseria)