Report: Nearly 70% happy with their finances

As many as 68 percent of Poles positively assess their financial situation, even despite rising costs of living, according to the report "Polish statistical portfolio" of the National Debt Register (KRD). “The number of debtors in the database of the National Debt Register has increased by 19 percent over the last three years and by 5 percent since last year. Still, Poles generally assess their financial situation well, but the number of debtors, or those who are worse, grows,”- said the President of the KRD, Adam Łącki. Some 30 percent of Poles admit that their financial situation compared to last year is better, while 10 percent are worse off than they were last year, financially. The improvement in the financial situation was mainly due to the increase in household incomes (67 percent), and the reduction of expenses (27 percent. Furthermore, 15 percent of Poles admitted that they had more money at their disposal because they managed to repay outstanding, at the same time, 9 percent of those surveyed are attributing the improvement to the 500+ program. On the other hand, the reasons for the deterioration of the situation are seen by Poles in the increase in expenses caused by the increase in the cost of living in the country. This was indicated by as many as 61 percent of Poles whose financial situation deteriorated. In turn, 22 percent admitted that they had a worse financial situation because their income decreased compared to last year.