About half of Poles say they feel financially secure, while 21 percent say they feel insecure, according to a study by Kantar Millward Brown. Twenty-seven percent declined to say.

The Financial Security Index drawn up by the consultancy company also shows that 41 percent of Poles, mainly women, are worried about their financial futures.

Of those who felt financially secure, 63 percent lived in urban areas and 57 percent were tertiary educated, while of those who felt financially vulnerable, 43 percent lived in medium-sized cities.

Meanwhile, financial security is one of the most important values for Polish families, according to Bartłomiej Babicz, a managing director at Nest Bank, which commissioned the Kantar Millward Brown study.

The study found that for most respondents, financial security means full-time employment and savings, while only ten percent consider financial security to include investments in bonds and shares.

A third of the Poles surveyed in the study said they needed ten months’ worth of wages in savings to feel financially secure, another third said they needed half that, while 17 percent said they needed one or two months worth of wages saved. Seven percent of Poles said they did not need savings. (vb/pk)

Source: PAP