It is the first time since Eurostat’s records began that Poland’s savings rate has fallen below zero.
savings
Poles’ savings exceed 2 trillion zloty for first time
Poles’ savings grew 7.4% year on year, although their real value is being eaten up by inflation.
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Poles set aside more savings following interest rate hikes
The value of new deposits put into savings accounts in Poland in the final quarter of 2021 was 9 billion zloty higher than in the previous quarter.
A quarter of Poles have no savings
Amid the pandemic, most Poles say they have been cutting back on spending and have stopped putting aside money for savings.
