Model of Family and the Propensity to Build Sustainable Savings Attitudes in the Post-COVID World: A Case Study of Poland

Abstract

This article investigates the role of the model of family and their savings as a support to growth and source of economic sustainability. The central objective of the present article was to determine the impact of the model of a family on the propensity to save money in the population of Poland. As indicated by independence tests, in most studied cases, the model of a family does not have a key role in sustainable consumption and saving behavior. The only exception are the forms of allocation of the saved capital. The study results suggest that households in Poland hold traditional views on the family model and the allocation of their savings. Decisions in everyday life are often reached together with the partner, which may attest to the growing egalitarian tendencies in Polish families. The research shows that the funds saved monthly by households are not planned in advance but constitute a financial surplus after all the expenses have been paid, which is then set aside as a reserve for the future. Partners usually prefer to have separate bank accounts with funds for day-to-day spending. However, the awareness concerning the forms of allocating capital is still poor, which is confirmed by the fact that most of the financial surplus is kept in the current account. The funds saved this way are spent to satisfy current needs, such as holidays or durable goods, and cover expenses in emergencies, which may be particularly important in the context of minimizing the risk of poverty and social exclusion, which should be prevented in line with the implementation of the UN Sustainable Development Goals 2030.