Poles calm about their finances in the face of the war

As many as 59 percent of Poles are not worried about their financial security in the face of the war in Ukraine, according to a survey conducted by Opin24 on behalf of Tavex. Nevertheless, we react to what is happening – only every fifth respondent has not taken any financial measures since the outbreak of the conflict. Interestingly, anxiety increases with age. On the other hand, the respondents' moods are definitely not positively influenced by rising inflation, which, according to the final GUS data, was 11 percent in March this year. As many as 71 percent of respondents believe that the price increase this year will be significantly higher than last year.

"Lack of major concerns about the safety of savings may result from the fact that our knowledge of finances is growing and we have already made some changes to the way we manage money during the pandemic," Aleksander Pawlak, President of the Management Board, Tavex, said. 

"Unfortunately, we have to get used to the uncertain and unstable situation for some time and take even more care of our financial resources, because the economic forecasts for the coming years are not optimistic. Despite the fact that the responses of respondents show relatively little anxiety, we can expect a change in the future. consumer habits, including lowering the volume of consumption of higher-order goods and services," he added.

(WBJ)