According to the BIG InfoMonitor report, about 2.6 million Poles owe payments, their obligations increased in September and reached the highest level in history – PLN 86.5 billion. The record holder for the value of the loan is a 68-year-old man with a loan of PLN 90 million.
In September, non-credit and credit obligations of consumers increased by PLN 2.9 billion or 3.5% compared to a year ago. Thus, they reached a record level of PLN 86.5 billion – according to BIG InfoMonitor.
“Approximately 2.6 million people have problems paying their bills, which is roughly the same as the combined population of Warsaw and Wroclaw,” the study said.
“Financial problems of Poles are getting worse”
The publication notes that the growth rate of Poles' debt has “slowed down” since a year ago its growth was PLN 6.6 billion (8.4%). “Currently, although the total debt reached a record value at the end of September (…), the number of unsecured debtors has decreased by 116,790 people,” the report said. It was added that the number of debtors and debtors decreased by 55,000 people at the same time. total of 484 thousand people.
“As a result, the average overdue liability of a person due to unpaid rent, alimony, loan installments, loans, court fees, fines for driving without a ticket and current accounts, including telephone or internet, increased by PLN 2,525 to almost PLN 33 , 5000 PLN”, is indicated.
According to the authors of the report, this means that “the old financial problems of Poles will worsen”. According to a study commissioned by BIG InfoMonitor, 60% of people in debt say that the increase in the cost of living will create debt and make it difficult to pay it back. More than a third of them (38%) admitted to having financial problems, although, as mentioned, this is the lowest result in three years.
“49% of Poles did not feel a lack of money for current obligations and capital expenditures, which is the most favorable result of 2019.” – added. According to the survey, people who don't have money often struggle with limiting their spending (58%). However, Poles often consider low income as the main reason for financial problems (26%).
Increase in unpaid non-credit liabilities
BIG InfoMonitor said, “the increase in overdue debts of Poles is still worrying.”
It was explained that this means that the payments are delayed by at least 30 days by the minute. PLN 200. “These are different types of bills, for example, for utilities, rent, telephone and internet, as well as alimony, fines for driving without a ticket, unpaid court costs, obligations to insurers and debt collection companies, and of course, loans and debts. “, he added.
Non-debt liabilities increased by almost PLN 499 million (+1.1%) to PLN 46.8 billion and are owned by almost 2 million people.
In turn, outstanding loans, as reported, increased by more than PLN 2.4 billion (+6.5%) to more than PLN 39.7 billion, with approximately 1.1 million Poles currently in debt. At the end of September, the average debt of one person in terms of non-credit loans was almost 23.5 thousand PLN. PLN and loans about PLN 37,000. zloty “Compared to the period last year, the debt of Poles is growing faster this time than the non-debt,” it said.
Debt and age
The authors of the report also considered the distribution of debt by age and gender. They showed that the average debt only among the youngest (18-34 years) decreased by 1.4%. reached more than 7.7 thousand PLN and it has been decreasing for a year. “The remaining groups are characterized by significant growth, especially representatives of generations
However, there is a decrease in the number of debtors in each age group, and the largest group of debtors is still 35-44 years old. In this group, more than 657 thousand people have financial problems. people “In turn, Generation X has the highest amount of deferred liabilities, which is about PLN 27.5 billion,” he added. Moreover, more than half (62%) of debtors are men, whose debts are usually higher than women. “This aspect of the financial problems of the society has remained for years”, – it is emphasized.
As for the regions, the inhabitants of Mazovia have the most outstanding debts (almost PLN 17 billion). Then there are Upper and Lower Silesia (PLN 9.9 billion and PLN 7.8 billion, respectively). Residents of Opole, Swichtokrzyskie and Podlaski voivodships have the least amount of debt – PLN 1.7 billion respectively.
“The amount of debt of Polish residents increased the most in Masovia, West Pomeranian and Lower Silesian voivodeships – by 6.4%, 5.5% and 5.4% respectively.” – reported the authors of the report. They also noted that in Silesia, despite having one of the highest credit values, a 1.2% decrease was recorded. The number of debtors decreased in every voivodeship, but especially in Silesia voivodeship (-6.7 percent), Švejtokriskie voivodeship (-5.5 percent) and Kujawi Pomnr voivodeship (-4.9 percent).
Record holder in debt
BIG InfoMonitor also looked at the record holders whose debt increased by more than PLN 18.4 million during the year, reaching a total of more than PLN 535 million.
According to BIG InfoMonitor, the top ten debtor Poles have not changed a bit, one woman has joined this group, currently there are four of them. The record holder is a 68-year-old resident of the Lublin region with an amount of more than PLN 90 million. The oldest debtor on record is 74 years old.
BIG InfoMonitor is an economic information office that has been operating since 2004, which collects and presents information on the reliability of market participants' payments.
Main photo source: DarSzach / Shutterstock
