Economic resourcefulness as a determinant of saving and borrowing in Poland

Marek Kosny

Post-Communist Economies, 2020, vol. 32, issue 6, 793-812

Abstract: Economic resourcefulness indirectly affects many aspects related to the functioning of individuals on the market. One of the crucial areas is making financial decisions related to the allocation of financial surpluses and taking loans. The analysis carried out based on a dedicated study aims 1) to identify various aspects of the processes of collecting savings and borrowing in Poland and 2) to assess whether these processes are related to economic resourcefulness. The obtained results indicate the significance of economic resourcefulness for the majority of identified aspects of saving and borrowing, but at the same time, they show the specificity of these aspects. Resourcefulness, oriented at gaining a satisfactory financial situation and economic stability does not necessarily lead to strengthening individual retirement saving. It could be interpreted as a kind of trade-off between strategies build upon focusing on achieving well-being in the short (medium) and a long time horizon.

Date: 2020
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DOI: 10.1080/14631377.2020.1727264

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