Only 8% of Poles assess their knowledge about finances well

As much as half of Poles (49 percent) looks critically at their knowledge of finance, while only 8 percent see it as good or very good. About 40 percent of respondents know about some saving schemes for retirement and plan to apply them, according to a study by Warsaw Institute of Banking (WIB) and the Warsaw Stock Exchange Foundation (FGPW).

Both young people at the age of 18-34 and the oldest group (over 65) assess their economic knowledge particularly low. Major problems with understanding finance affect the rural population as well. Most Poles (75 percent) declare that they read financial contracts very carefully. Still 43 percent admit they don’t understand them entirely.

(ISBnews)