Some people reduce unnecessary expenses, save less, use cars less often, others prefer to spend the accumulated money to watching its value decreases. Every fifth respondent resigned from the previously planned larger investment. The ARC Rynek i Opinia survey assessed how Poles react to inflation, rising prices and higher interest rates.
“Currently, two attitudes are visible among consumers. The first one presents the attitude of limiting consumption. Respondents declare that in the face of rising prices, inflation and rising interest rates, they will first limit some services that may be considered luxurious, i.e. not necessarily essential to life. And this staggering attitude during stagflation is not good for the economy. The second attitude, represented by a smaller group of respondents increases consumption in the name of the principle that it is better to spend money than wait for its depreciation”, comments Dr Adam Czarnecki from ARC Rynek i Opinia.
The most common change is the resignation from some services that can be canceled – e.g. going out to restaurants (38%). The same percentage of Poles (38%t) admit that they are now saving less than before, because due to higher prices they spend more, while 13% admitted that it gave up saving at all, because it is not profitable.
More than 1/3 of Poles admit that they had to limit their daily expenses in order to have enough money for the entire month, and every fourth admits that due to higher prices they cannot afford basic expenses, both groups are dominated by women. As much as 42% of them admitted that they had to limit their expenses in order to have enough money for the entire month (in the case of men, this percentage was 31%).
35% of people admitted that they reduced driving due to high gasoline prices. Every fifth Pole admits that they would rather buy something than will keep money in their account, because its value decreases. 17% of the respondents declare that they are looking for other options for investing money than before.
Adrian Andrzejewski order