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inflation. Spending cuts among Poles. What should be provided?

inflation.  Spending cuts among Poles.  What should be provided?

From a study by UCE Research and Blix Group to the periodic reportcurrent consumer confidence. What do the Poles save on?“It appears to you now Spending is limited to 60 percent. pillars.

It is also known that 26.3 percent of respondents did not spare in shoppingand 5.2 percent. Respondents do not pay attention to him.

According to the report’s authors, the results of the survey indicate that many people’s conditions deteriorated significantly in the third quarter of this year compared to the same period last year.

At that time, 40.9 percent talked about savings on everyday purchases. Of the respondents, 45.5 per cent. Denied it, and 5.1 percent. He did not pay attention to it – the chief economist of the Blix Group, Krzysztof Łuczak, mentioned.

The expert added that The group of people who reduce expenses has increased by 20 pages He is already more than one who does not tighten the belt. In the expert’s opinion, accelerating inflation and increases in interest rates mean that people who have so far felt confident about finances are beginning to feel the situation is getting worse.

Increases in loan installments, sometimes more than twice the current premiums, is forcing even high-income earners to cut expenses. Such a sudden change in the mood of the consumer shows concern about the fall and the coming year. Much will depend on Energy and food prices in global markets. pointed out.

The study shows that women reduce their current expenditures more than men (64.4% vs 55.2%, respectively). Savings are advertised more often by people aged 36-55 (62.2% of this age group), with a net monthly income of PLN 1,000 to PLN 2,999 (63.2%) and of cities with a population of 50,000 or more. Up to 99 thousand residents (62.7%).

Marcin Lenkiewicz of the Blix Group notes that women are often more responsible for purchases at home than men, and thus can constantly monitor increases in stores.

Women also care more family budget. Our analyzes show this up to 70 percent. Ladies are currently using promotions and creation of shopping lists, Which helps them to save – note the expert.

The respondents indicated that the main reason for the reduction in expenditures was Standard rates for everyday essentials. – It is more expensive than it was a year ago or in the years of the epidemic. In addition, conservation decisions are influenced by communication in the media from increases regarding, inter alia, fuel and coal – explained Lenkiewicz.

The specialist added that the Poles also began to tighten their belts during this Eid trips. There is also another reason to save on everyday expenses: the fear that it will get worse Economic situation. It was cited at 17.4 percent. Of the respondents (in the third quarter of last year it was 42.7%). 12.4 percent. Among those asked, the main reason for cutting expenses is lack of savings.

According to the chief economist of the Blix Group, the strong fear of a deterioration of the situation is understandable in light of information about the state of the economy, market supplies, currencies or the war in Ukraine.

– by myself Inflation hasn’t been this high for a quarter of a century Last year it increased by 10 points. People are afraid to think about what will happen next. No savings It’s also not surprising, because many people had to reach them already at the start of the pandemic, for example by losing their business or jobs, Łuczak noted.

According to the survey, more than 27 percent. Of the respondents, they declared spending cuts in the range of 10-15 percent. Spending cuts by 15-20% 20.7% respondents announced, and 20.3 percent. Indicated reductions of 5-10 percent.

Most often, the Poles save clothes (46.9% of the reasons), sweets and snacks (44.5%) and alcoholic beverages (40%). 35.8 percent of the respondents announced a reduction in spending on household appliances, and one third of the respondents on cosmetics.

The survey was conducted using the CAWI (Computer Aided Web Interview) method by UCE Reaserch and the Blix Group on a sample of 1,034 Poles aged 18-80, representative in terms of gender, age, city size, earnings, education, and region.

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