Pandemic has encouraged Poles to save money, but one in three has no savings at all

35% of Poles say they try to save some money for later times. Nineteen percent were encouraged to save money by the pandemic, according to a survey for BIG InfoMonitor’s Debtor Register. Whereas the research for Santander Consumer Bank shows that every third Pole does not save a penny.

Nearly one in five Poles (19%) started saving after the outbreak of the coronavirus pandemic. The rest were either already saving (35%) or believe they earn too little to be able to put money aside (26%), according to the Quality Watch survey commissioned by BIG InfoMonitor.

16 percent of respondents could not assess the impact of the pandemic on their approach to saving. Only 7 percent see no need to save. Even the pandemic did not change their opinion.

On the other hand, the research conducted for Santander Consumer Bank shows that most Poles feel their financial situation is good. However, one in three (33.1 percent) do not have any savings. “The financial cushion of most of us ends at an amount twice or three times the monthly salary. This applies equally to women and men,” - reports the bank.

However, the survey for BIG InfoMonitor shows that men (55 percent) are more likely to have the equivalent of at least three salaries than women (48 percent). The same relationship applies to people with higher education. 63 percent of university graduates have accumulated such capital.

(money.pl)