‘It can hardly be expected that we quickly amass the same level (of savings) that we can observe in the West – we should not forget what was our starting point’, states Maciej Bitner, Chief Economist in WiseEuropa. Our expert’s commentary in Rzeczpospolita (Polish national daily newspaper).
However, it is not only the amount of savings that is worth noticing, but also the method of saving itself. According to the article in Rzeczpospolita, bank deposits constitute 58% of savings and currency in circulation nearly 14%. Over 11% is allocated to the Open Pension Funds (OFE). Voluntarily, the Poles invested in the capital market only 17% of their savings, 9% of which they put into investment funds and 5% in unit-linked life insurance. The shares of listed companies held by individual investors constitute another 3%, with only 1% allocated to Treasury bonds.
We invite you to read the article (PL): ‘Oszczędności Polaków’, in Rzeczpospolita, 25 August 2016.
