Half of us are afraid of tomorrow, inflation eats up savings and is more frightening war in Ukraine, limiting willingness to invest, according to a study conducted by Maison & Partners firm on behalf of Assay Group, quoted by PAP MediaRoom on Monday. The authors of the report compared financial awareness and main concerns about the expected financial situation among Poles, Germans and Romanians.
Report results
The published report shows that only 57 percent. of Poles have savings (1 percentage point increase over last year). Their average value is PLN 35,809, i.e. nominally 20% more. more than a year ago. However, after taking inflation into account, it appears that the level of savings held by Poles has not changed significantly.
We are a consumer society. We’d rather overeat the money we make than save it, and saving even small amounts is a big deal for us. However, the reason is not only the profit, because the example of the inhabitants of Romania shows that you can save and invest while earning less than the Poles – explained Łukasz Blichewicz, chairman of the board of directors of the Assay Group during the presentation of the research results at the Cambridge Innovation Center in the Varso Place office building in Warsaw.
Compare
For comparison, Romanians average around 22,000. zloty on their accounts (about 60 percent of the value held by Poles), and Germans even over 370,000. zloty (over 10 times more than the Poles). However, the real value of savings can only be estimated by taking into account the ratio of purchasing power parity to the market exchange rate of the country’s currency. The average value of the savings calculated in this way amounts to approx. zloty in the case of Poland, about 39 thousand. zloty in the case of Romania and about 342 thousand. zloty in the case of Germany. In this case, however, we are dealing with a huge advantage of the inhabitants of Germany.
It is important to underline that these differences do not have a big impact on the perception of the current geopolitical situation by the inhabitants of the three European countries, because they all save and invest less due to the war in Ukraine and high inflation.
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