Poland: Fewer people declare they cannot make ends meet
There were fewer people declaring that they have problems making ends meet in December 2020 than a year before, according to a study for the BIG InfoMonitor Debtors Register cited by the Polish News Agency.
The lack of money for current expenses was indicated by 41% of respondents in 2020 against 47% the year before. Seventeen percent of Poles surveyed also declared that at least once a month they have "wondered where to get money for basic expenses". More often it was a problem of people between 25 and 44 years of age than seniors, according to the study.
The group of respondents experiencing such situations every few months decreased the most (from 13% to 10%). Among the respondents declaring that "insufficient finances or inability to manage the budget" make them wonder what to pay for basic needs with on average once a month, the indicator fell from 11% to 10%. Experts point out that the percentage of people indicating the tendency to spend too much as the reason for their problems has decreased from 20% to 10%.
There are over 2.25 million people in the BIG InfoMonitor debtors register, and 1.18 million people in the Credit Information Bureau (BIK) database who delay the payment of a minimum PLN 200 (EUR 44.5) loan or loan installment by at least 30 days. Poland, a nation with a population of more than 38 million.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.