Seniors failing to pay rent on time, face downward spiral of debt
Polish seniors’ overdue debt has reached a record PLN 12 billion, affecting over 370,000 individuals aged 65 and above. This includes unpaid loans, rents, utility bills, and penalties. Rising living costs, high loan interest rates, and inflation disproportionately impact this group, whose primary income is fixed pensions. The average overdue debt per person has risen to PLN 32,247, despite a slight decrease in the number of delinquent debtors.
Nearly half of seniors plan to reduce unnecessary spending, with 36% seeking promotions and deals to optimize purchases. However, many remain vulnerable, especially in Kujawsko-Pomorskie and Zachodniopomorskie regions. Financial planning remains a challenge, as 47% lacked a plan in the past year, underscoring the need for proactive financial management.
