Poles save the least in EU after Spaniards and Portuguese

While the average salary in Poland is growing, savings in Q3 2018 amounted as little as 0.73 percent of households incomes, Eurostat reported.  As for the third quarter, this is the lowest since 2011. In Europe, only Spaniards and Portuguese have fewer savings: in Q3 they spent by 1 percent more than earned.

Poles have a seasonal way to spend money.  For the last fifteen years, Polish citizens on average spend more than earn in Q1, in Q2 they start saving, Q3 is characterized by fewer savings, and finally, in the last quarter, the savings are the highest.