Willingness of Polish Households to Save for Retirement
Willingness of Polish Households to Save for Retirement

Author(s): Sylwia Pieńkowska-Kamieniecka, Damian Walczak
Subject(s): National Economy, Micro-Economics, Financial Markets, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: savings; household; income; financial behaviour; pension;
Summary/Abstract: Savings are an essential element of planning the future, in particular this objective is attained by saving for old age. The saved amount depends on numerous factors. Additionally, each of them can have the effect of a stimulant or destimulant. This article determines the influence of particular factors, which allowed to formulate specific recommendations for the future. Recommendations, which by influencing e.g. the level of the citizens’ education or certainly their income, can result in the future in an increase of the savings amount. The objective of this article is to present the scale of and the determining characteristics of saving, in particular the tendency to save money with the intention to financially secure the old age period. This article uses a representative, nationwide research, namely Diagnoza Społeczna 2015 (Social Diagnosis 2015), conducted with a test group of 11,740 households with 35,279 members.

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