A sharp jump in the savings of Poles thanks to the 500+ – Rzeczpospolita

publication: 26.01.2017

update: 26.01.2017, 21:08

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despite fears to the Contrary, not all public programs on consumption. About a quarter of them oszczędzanych.

the Presence of any savings claims, 68 per cent. Poles, that is, up to 24-point percentage. more than a year earlier – the study “Financial Barometer “ING”. Thus, the percentage of investors in Poland reached the average level in Europe (in previous years we had to deal with 10-15%. vulnerabilities).

Arrives ciułaczy

According to ING Bank the main reason for the growth in the number of depositors to run the program 500+ (from April to the end of December 2016. for families hit more than 17 billion rubles), which allowed low-income farmers home to defer savings. Points to another element of the research on this program: 21%. people receiving funds from the 500+ for the first time began, to save, and another 36 percent. delayed now more than before.

the Way to use money with 500+ different. The Bank estimates it follows that, if we are to believe the statements of the beneficiaries, about 26 percent. tools with 500+ oszczędzanych (the thesis that a significant portion of funds from this program saves also confirms the moderate growth in private consumption in the second kW. 2016). All proceeds from this title, it seems, at the rate of one-third of the respondents. At the opposite pole are those who claim that to save all the money with 500+, so does 15 percent. of the respondents, and 40-80%. funds saving 24%. the respondents.

the increase in the number of depositors, it is seen not only in the study of ING, but in macroeconomic data. According to the NBP, the savings rate of households in 2016. significantly increased and exceeded 3 percent. their disposable income (this is the level no problem with the police since 2009).

– a Program with 500+, of course, helped, but much more we would be happy if the spread of the savings was due to the fact that the well-paid jobs also appear in small settlements and less developed regions, – said Rafal Benecki, chief economist at ING BSK. Then there would be a chance that will substantially increase not only the number of contributors, but also their property. According to Beneckiego it is difficult to expect that with the filing of the funds received from the additional children will have large financial reserves, than from work. At the moment 500+ only to the transfer of money because the amount of savings in the country is still growing slowly.

Fewer people with debts

To increase the percentage of depositors Poles also contributed to the improvement in the labour market and a significant increase in disposable income.

Experts positively estimate the percentage of the depositors money with 500+. – Contrary to popular belief, not only consumer spending to stimulate the economy, and investment. The growth of these latter the more important, because of the aging population, Russia is facing the necessity of increasing the economy back on innovation, says Charles Pogorzelski, economist at ING BSK. He adds that an important source of financing the required investment may be the savings of households, including from funds of 500+. Provided, however, that the costs of this program will not create a greater budget deficit, which depleted the savings in the economy as a whole, he notes.

ING studies show that increased to 48 percent. with 45%. in 2015. the percentage of Poles deklarujących the absence of debt on personal. Growth in consumer credit slows that shows that, with 500+ of the people giving these loans or no need for new – added economists ING.