15:37 26 November 2024
Poles’ savings not as high as the rest of Europe
Poland ranks low in Europe regarding savings rates, with a negative household savings rate of -0.8% in 2022, as per Eurostat data. This suggests that Poles spent more than they earned, relying on savings or borrowing. Only Greece had a worse rate.
Despite this, real disposable income per capita grew slightly in 2022. Poles are now saving more, with 38% reporting increased savings, and 30% saving regularly. However, they still prefer low-risk savings like bank deposits and avoid capital markets due to a risk aversion. Poland’s savings, amounting to less than 100% of GDP, remain below the EU average of 200%, affecting long-term economic growth.
