6 out of 10 Poles: quality of life has decreased. Reduced savings part of it

A survey has been made to messure Poles view on their quality of life. High prices and the uncertainty of when the increases will end and the neighbour’s war – these are the main reasons why as much as 64 percent of the households believe that their quality of life deteriorated in 2018 Q2. compared to the same period a year ago.

Quality of life has decreased for majority

78.2% respondents of the survey conducted by the Union of Financial Companies and the Institute of Economic Development of the Warsaw School of Economics believe that, according to respondents, the increase in inflation has the greatest impact on the overall assessment of the quality of life. The second most frequently indicated factor influencing the quality of life was the war in Ukraine (55.4%).

For now, Poles are not afraid of unemployment

“Fears of the war’s consequences were combined with pessimism resulting from very high inflation. Households’ moods already had a stronghold in the previous survey, which was carried out at the beginning of the year, even before Russia’s aggression”, assessed Sławomir Dudek from IRG SGH.

As he added, the prices of the financial condition did not drop as compared to the previous survey, but the assessments of the general economic situation decreased significantly.

“But the economy is still sped up and nominally inflated with inflation. Hence, the fear of unemployment is low. Inflation in the perception of households is currently a very big threat”,  says Dudek.

Source: Wprost

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I am from Denmark but have lived and done business in Poland since the Spring in 2008. I have had a webshop with Scandinavian designed products, and event company in Poland. Today I am a business consultant and b2b IT consultant plus sales agent on the Polish market. I have lived/done business in 3 different cities and in 3 different regions (voivodeships) in Poland. My business network and knowledge about doing business in Poland and about Poland are therefore very big.

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