Polish people are increasingly satisfied with the financial situation of their households. Since 1993 the percentage of respondents happy with their own standard of living has risen from 3% to 26%, with a simultaneous drop in the percentage of those who consider their lives to be too modest or downright poor, from 51% to 18%. The numbers of those who feel at risk of poverty are also dropping: over the past twenty years the percentage of people unworried about their future finances has grown from 11% to 30%, while those living in fear of poverty decreased from 49% to 29%. In line with this context are the changes to the structure of household budgets as regards savings and loans.

Currently half of all Polish people (49%) maintain that their households possess some savings, and practically the same number (51%) say they do not have such a safeguard. During the last three years the percentage of people to possess savings has risen from 40% by 9 percentage points, but over the last ten years this number has doubled (a rise from 23% to 49%).

Survey results show that, as the financial situation of Polish people improves, so the habit of putting away savings to safeguard the future is becoming more common. Over a quarter of those who have savings (27%, a growth of 8 percentage points since 2014) declare that they could support themselves for at least six months on what they have saved.

More on this subject in the forthcoming CBOS report.