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Assessment of the Financial Situation of the Elderly in Poland, with Particular Emphasis on Wealth and Debt (Ocena sytuacji finansowej osob starszych w Polsce ze szczegolnym uwzglednieniem zasobnosci i zadluzenia)

Author

Listed:
  • Beata Swiecka

    (Uniwersytet Szczecinski, Wydzial Zarzadzania i Ekonomiki Uslug, Katedra Bankowosci i Finansow Porownawczych, Zaklad Finansow Osobistych i Behawioralnych)

Abstract

The aging of the population is an important and interdisciplinary subject. Its importance has extensive consequences for employment, social welfare, pension security, medical care as well as many other aspects of the economy, therefore posing burden for future generations. The increasing importance of the elderly has become so considerable that has led to the appearance of the concepts of “silver generation” as well as “silver economy” covering existing and emerging opportunities for economic growth of public and consumer income related to aging of the population, taking into account the specific needs of people above 50 years of age. “Silver generation” includes a large variety of individuals of different status, income, health, social and cultural context. It applies to both rich and active people and poor persons whose health is declining. The aim of the article is to present the financial situation of the elderly group in Poland, with a specific focus on wealth and debt against the background of EU countries. The study used mainly an empirical approach using secondary research taking into account the latest reports covering the years 2013–2016.

Suggested Citation

  • Beata Swiecka, 2016. "Assessment of the Financial Situation of the Elderly in Poland, with Particular Emphasis on Wealth and Debt (Ocena sytuacji finansowej osob starszych w Polsce ze szczegolnym uwzglednieniem zasobnosci ," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 14(59), pages 118-134.
    • Handle: RePEc:sgm:pzwzuw:v:14:i:59:y:2016:p:118-134
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    References listed on IDEAS

    as
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    2. Orla May & Merxe Tudela, 2005. "When is mortgage indebtedness a financial burden to British households? A dynamic probit approach," Bank of England working papers 277, Bank of England.
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    More about this item

    Keywords

    older people; debt; financial situation;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D39 - Microeconomics - - Distribution - - - Other

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