One in four respondents says their financial awareness is satisfactory, according to a recent survey conducted for the Polish Banking Institute and the Warsaw Stock Exchange.
The majority of those surveyed are not happy with their knowledge of economics and finance, with most of them complaining about shortcomings when it comes to cybersecurity.
Thirty-eight of those polled say they would like to broaden their understanding of cybersecurity, 22 percent would like to know more about the tax system, and 20 percent are ready to learn more about investing.
The media and the internet are the top sources of financial information for respondents, the survey found.
Additionally, the survey revealed that 12 percent of respondents know what a stock exchange is, while 55 percent have only vague knowledge of the stock market.
Around 70 percent of respondents do not know what shares are and how to trade them, the survey showed.
Roughly one in three Poles trusts the investment advice they receive, while 38 percent believe that advice from their bank, insurer or financial advisor is primarily in the best interest of these institutions.
Sixty-one percent of those polled say they monitor and keep track of their expenses and put away savings "just in case," while seven in 10 respondents claim they set themselves long-term financial goals and strive to achieve them.
(ab/gs)
Click on the audio player above to listen to a report by Radio Poland's Agnieszka Bielawska.