TNS: Poles do not know how to save

The Polish research agency TNS conducted a study on what factors contribute to levels of saving in Polish households. In general, the findings were that 60 percent of Poles are not able to save money for a certain purpose over a long period of time, and for 80 percent, determining a savings plan and sticking to it is a hard task. As much as 54 percent admit that they have bad skills as far as houshold budget managing is concerned and rate their saving abilities very low. Moreover, 31 percent has no saving method and 9 percent spend money without overthinking it before. For 68 percent the main factor discouraging from saving is the need to resign from various pleasures and to control all expenses. Interestingly, only 25 percent would resign from holidays, 20 percent from shopping and 13 percent from cultural events. At the same time only 56 percent of Poles report that they do not save because they do not have the financial possibility. Every third Pole saves a monthly amount not higher that PLN 100  and every fourth from PLN 100 to PLN 200. Only 13 percent are able to save from PLN 200 to PLN 500 and as much as 6 percent to save over PLN 500.