Page 265 - Contributed Paper Session (CPS) - Volume 6

CPS1925 Marek K.

Saving, borrowing and economic
resourcefulness in Poland
Marek Kośny
Wroclaw University of Economics, Wroclaw, Poland

Abstract
Economic resourcefulness, as one of the important determinants of the ability
to maintain economic security, indirectly affects many aspects related to the
functioning of individuals and their households on the market. One of the
important areas is making financial decisions related to the allocation of
financial surpluses (saving) and taking loans. The analysis carried out on the
basis of a dedicated study aims to identify various aspects of the processes of
collecting savings and borrowing in Poland, and to assess to what extent these
processes are conditioned by 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 good
financial situation and economic stability does not necessarily lead to
strengthening individual retirement saving, what 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.

Keywords
Saving behaviour; Saving motives; Borrowing behaviour; Economic
resourcefulness

1. Introduction
The management of financial resources includes a number of specific
areas: in particular, the forms and means of obtaining funds, and sources of
financing the expenditures, the adopted perspective (short- and long-term)
and stability of income and expenditure over time. In the context of the
analysis which will be presented later in the article, two issues are of particular
importance. The first of them is saving behaviour - both in short and long term.
The second is the behaviour in the area of borrowing. A similar
characterization of these areas suggests the possibility of the occurrence of
common determinants: identifying a set of features that influence behaviour
in both areas will mean not only their formal similarity but also common
behavioural determinants.
The literature review shows that both the concepts of saving and
borrowing cover, however, a wide range of behaviours (see, for example,

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