Almost half of Poles struggle with financial literacy: study

Almost half of Poles say they have problems with basic financial literacy, according to a study.

Understanding cybersecurity and loans is particularly problematic, public broadcaster Polish Radio’s IAR news agency has reported.

The findings of the study were unveiled at the 3rd Financial Education and Entrepreneurship Congress conference in Warsaw on Wednesday.

Three in four respondents interviewed for the study said they read or attempted to read financial agreements carefully, but 43 percent did not fully understand such documents, according to the IAR news agency.

Meanwhile, around two in three respondents were not interested in investing, the agency reported.

The study, called “The level of Poles’ financial knowledge 2019,” was conducted on a nationwide representative group of 500 people from March 7 to 13.

(pk/gs)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.