NEWS

World Bank: Poles need to start saving more

Polish ExpressPolish Express logo

World Bank: Poles need to start saving more

It is important for Poles to save, as this not only guarantees them a better future, but also helps the country maintain a healthy economic growth says the World Bank.

Economists have long warned that the pension of Poles aged between 30 and 50 will be significantly lower than that of the previous generation.

“As the country ages and productivity growth begins to wane, Poland will face a number of economic challenges. At the macro level saving will need to increase from below 18 percent of GDP to about 23 percent of GDP in 2030 including to finance increased investment, while currently working individuals will have to save about 10 percent of their annual earnings to guarantee current replacement rate,” a recent World Bank report reads.

thenews

Chcesz na bieżąco czytać o wydarzeniach w UK? Pobierz aplikację Polish Express News na Androida i iOS.
Materiał chroniony prawem autorskim. Kopiowanie i publikowanie wyłącznie za zgodą wydawcy.


Podobne artykuły

Not all financial institutions should be trusted, but Omni Finances should!

Not all financial institutions should be trusted, but Omni Finances should!

What bank clients complain most often about are well-hidden charges, small print on their forms, thousands of incomprehensible words on the documents they are given to sign...  It is hard to know your...

Do you have a Packaged Bank Account? See how you can get up to £ 4,500 back!

Do you have a Packaged Bank Account? See how you can get up to £ 4,500 back!

Every person which has a bank account can be charged with unused and unnecessary services, for which the bank charges fees. In this guide, you will learn how to save on accounts of Packaged Bank Account...

Swiss franc mortgage proposals by banks under fire

Swiss franc mortgage proposals by banks under fire

The Polish banking industry’s proposals for resolving the problems of Swiss franc-denominated mortgage borrowers come under fire from all sides in the mainstream press. Both pro-government 'Gazeta Wyborcza'...

Here are 8 tricks, to help you fill your wallet with more cash. The last one breaks the bank - Literally!

Here are 8 tricks, to help you fill your wallet with more cash. The last one breaks the bank - Literally!

Every day seemingly trivial amounts of money escape from our wallets and bank accounts. But have you ever considered how much these small amounts add up to over the course of a year?

Over half of Poles oppose taking in refugees: survey

Over half of Poles oppose taking in refugees: survey

Fifty-five percent of Poles are opposed to their country taking in any refugees, according to a new survey. Pollster CBOS found that compared to a survey in April, opposition to Poland taking in refugees...

US visa rejections for Poles at all-time low

US visa rejections for Poles at all-time low

Latest figures released by the US State Department, Tuesday, show that the number of rejections of tourist visa applications submitted by Poles has dropped to an all-time low of 6.4 percent. The figures,...

Food and drink: Poles spending most on beer

Food and drink: Poles spending most on beer

A study carried out by research firm Nielsen has found that Poles are spending more money on beer than any other food or drink product. According to the study, Poles spent PLN 14.5 million (EUR 3.4 million)...

Polish authorities still working on Donbas evacuation plan

Polish authorities still working on Donbas evacuation plan

A delegation from the Polish foreign ministry, currently in eastern Ukraine, is still preparing evacuation plans for people of Polish descent in the separatist-held Donbas region. “We are determined to...

Russia blacklists EU heavyweights, including Poles

Russia blacklists EU heavyweights, including Poles

The Kremlin sent a letter to EU ambassadors in Moscow late last week with a list of over 80 EU politicians who have been banned from entering the country. Dutch Prime Minister Mark Rutte made the matter...

Polish soldier names son after US saviour

Polish soldier names son after US saviour

A Polish soldier has named his newly-born son after an American sergeant who died in 2013 while shielding him from a suicide bomber in Afghanistan. Sergeant Michael H. Ollis died in August 2013 during...

Polish defence minister responds to calls for resignation

Polish defence minister responds to calls for resignation

Minister of Defence Antoni Macierewicz sought on Monday to deflect calls for his resignation, following an open letter by six of his predecessors. Referring to the open letter, Macierewicz argued that...

Cannabis-based epilepsy treatment halted

Cannabis-based epilepsy treatment halted

The Children’s Memorial Health Institute in Warsaw has banned a doctor who ran experimental cannabis-based treatment of epilepsy in children from pursuing his work. Doctor Marek Bachański, from the Neurology...


Ta strona używa plików cookie. Kontynuując przeglądanie witryny, wyrażasz zgodę na ich używanie przez nasz serwis. Dodatkowo kiedy odwiedzasz naszą stronę, wstępnie wybrane firmy mogą odczytywać i korzystać z określonych informacji zapisanych na Twoim urządzeniu, aby wyświetlać odpowiednie reklamy bądź spersonalizowane treści. Dowiedz się więcej.OK