Tendency of households from the lubelskie voivodeship to save and invest

Abstract

The main purpose of the article was to analyze the inclination of representatives of Lublin households to save and invest. The studies have been carried out in Lublin Voivodeship which has the lowest GDP per capita and is classified as one of the regions facing the highest poverty risk. The article consists of a theoretical part introducing the basics of saving and investing processes and an empirical part presenting results of the research conducted by the author between March and May of 2020 with the use of diagnostic survey method. Five hundred adults from Lublin Voivodeship were subject to the studies. The results indicate that saving is important for the surveyed households members securing their own and their housemates future. In the absence of money, households take out bank loans. Investments, in turn, are a high-risk process. The level of risk itself may be higher the higher the level of information asymmetry and other limitations of the investor’s access to information limiting the investment risk assessment. In the opinion of the respondents, the level of their economic knowledge about saving and investing is moderate.