The total debt of pensioners
April 26, 2019 The report “Why Poles are in debt” shows that a statistical pensioner uses a loan to secure his basic existence. Secondly, he wants to help his loved ones. Data from the KRD say that senior citizens’ debt is PLN 7.8 billion and is still growing. Women borrow more often than men.
Living costs have increased significantly
According to data from the National Debt Register of the Economic Information Bureau, the cost of living has increased significantly in the last 3 years. This is not reflected in salaries, pensions or pensions. This is one of the reasons that forces seniors to get a loan or a loan. Another is that grandparents want to help their children or grandchildren. As after paying the bills they have about PLN 600 for their lives, help without additional financing would be difficult.
Research shows that economically active people are less likely to reach for financial sector products. Thanks to the fact that they receive a pension or an additional salary, they have enough money for daily fees or buying medicines. January report
“Why do Poles get into debt?” Indicates that as much as 60 percent. women have financial problems. This is because ladies statistically live longer. They also inherit debts from their spouses.
People over 60 are the most indebted
Almost 350 thousand people over 64 have an overdue commitment. People between 60 and 70 years of age are the most indebted. According to information published in the KRD, their debt is PLN 3.9 billion and is constantly growing. Fortunately, almost 330 thousand indebted elderly regulates payments on time.
Although the average pension is PLN 1,900, it is still not enough to live with dignity. 35% surveyed seniors openly say that they need rehabilitation or additional treatment, which are not refunded. Only a small percentage of older people spend money on trips or entertainment (9%).
The key reason for the growing financial problems of retirees is the need to help their families. Although young people have more opportunities and receive higher wages, they often count on the help of parents or grandparents. To meet the expectations of young people take installment loans or payday loans. It is worth noting, however, that over 90 percent senior financial market consumers analyze their financial options before signing.