Feb 10 • 05:31 UTC 🇵🇱 Poland Rzeczpospolita

Poles' Wallets Still Under Pressure: High Living Costs

Polish consumers are feeling financial strain largely due to escalating living costs, with a significant portion struggling to manage their financial obligations.

Polish households are feeling the effects of high living costs, as highlighted by a recent report from Intrum European Consumer Payment. Despite the overall positive economic indicators in Poland, over half of the respondents (54%) in the survey expressed that rising living expenses are their primary financial challenge. The study surveyed 20,000 individuals across 20 European countries, revealing that many Polish consumers feel insecure about their financial situations, particularly when compared to other European nations.

The report also outlines that financial difficulties are exacerbated by various factors, including inflation and stagnant wages, which have led to pessimism among consumers. Approximately 42% of participants identified deteriorating financial conditions as a key issue, with dissatisfaction toward the handling of financial commitments being a growing concern. These sentiments highlight a disconnect between economic growth figures and the everyday realities faced by Polish households, and suggest a need for better financial management and support mechanisms.

Moreover, different income groups within Poland assess their financial situations differently, reflecting a polarization of economic experiences. The report points to an increasing divide, where lower-income households struggle significantly compared to wealthier households, impacting consumer optimism. The findings indicate a potential need for policy adjustments to alleviate the financial pressures felt by many, particularly in light of the ongoing economic challenges and uncertainties that may affect household budgeting going forward.

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