Personal debt continues to deepen
Moreover, 55 percent admit to having problems paying back liabilities and debt. Economists warn that if this trend continues, the whole economy can run into trouble.
During the past three months the number of people spending more than they earn has increased by one fifth. Meanwhile, the sum of payments delayed by over two months has already topped zł.7 billion.
Around 1.2 million people do not pay installments and bills on time, and according to the data, over half of Poles spend 55 percent of their income on covering installments and bills. Economists warn that although the situation is not yet dire, lessons should be learned from America and the UK, a similar path which lead them to their current mortgage crisis.
Source: Dziennik (A.K.)
During the past three months the number of people spending more than they earn has increased by one fifth. Meanwhile, the sum of payments delayed by over two months has already topped zł.7 billion.
Around 1.2 million people do not pay installments and bills on time, and according to the data, over half of Poles spend 55 percent of their income on covering installments and bills. Economists warn that although the situation is not yet dire, lessons should be learned from America and the UK, a similar path which lead them to their current mortgage crisis.
Source: Dziennik (A.K.)
