Pandemic prompts Poles to save

As much as 90 percent of Poles say that it is worth saving, and almost 55 percent feel financially secure. These are the conclusions of the Provident Barometer survey conducted every year on the occasion of the Savings Day, which falls on October 31.

"The coronavirus pandemic has meant that more and more people want to save. Although they still have impulsive purchases and higher than planned expenses, Poles are serious about building a financial cushion for the future," Karolina Łuczak, spokeswoman for Provident Polska, said.

The latest Provident Barometer confirmed the existence of a trend that could already be observed in the years 2019-2020. The percentage of Poles who agree with the statement that it is worth saving and having spare funds remains high and fluctuates around 90 percent. In 2018, only 78 percent of respondents declared that they were willing to save, and in 2017 – 81percent.

"For 20 percent of Poles, the amount that makes them feel safe is already PLN 1,000. 37 percent of Poles say that a safe financial cushion is guaranteed by an amount between PLN 4,000-10,000, while a quarter believes that the minimum amount is PLN 10,000," Karolina Łuczak emphasized.

(Newseria)