According to the report “How do young Poles save for a rainy day?” as many as 77.4 percent of respondents aged 18 to 35 stated that they had “some” money saved money. 12.3% of respondents admitted to having no savings, and 10.4% reported that they did not remember whether they had any money.
Most young Poles have savings. Report reveals exact amounts
In the survey, respondents could provide the amount of their savings by selecting the appropriate range from 13 given. The lowest was up to 500 PLN, and the highest over PLN 10 thousand. Interestingly, the highest amount of savings was indicated most often – by 17.1 percent of respondents.
The amount of savings, among others, at the level of PLN 8,000-9,000 was declared by 0.7%, PLN 5,000-6,000 – 5.9%, PLN 1,500-2,000 – 5.8%, PLN 500-1,000 – 7.3%, and below PLN 500 – 10% of the surveyed people.
Some young people, however, do not have or do not remember whether they have savings.
Among those who admitted that they had no savings, women outnumbered men. Respondents with monthly incomes also reported this most often net at the level from PLN 1,000 to PLN 2,999, with primary or lower secondary education, from cities with 50 to 99 thousand inhabitants.
More women than men also said they did not remember whether they had savings. This was also declared largely by respondents who did not provide their income, usually those with higher education and living in cities with 50 to 99 thousand inhabitants.
– The above results show that the actual state of funds for the so-called rainy day is quite poor. Of course, young Poles do not have much to save, but one can also see a poor saving habit – commented Łukasz Zieliński, co-author of the study from Syno Poland – In my opinion, broader education on this subject is needed, combined with basic knowledge of economics, which should start from the youngest age. Otherwise, not much will change in this matter.