When it comes to spending money, different age groups have varying priorities. According to a study by Autopay Finanse Młodych w czasach niepewności, older individuals tend to spend more on health-related purposes, while younger people prefer to invest in entertainment and leisure activities. Men often allocate their financial resources towards hobbies and electronics, whereas women are more inclined to choose clothing and cosmetics.
Young Polish men and women most commonly spend their disposable income on eating out (36%), clothing and cosmetics (36%), and travel (30%). Nearly one-third of the respondents also spend money on entertainment, such as movie tickets, theater shows, or concerts (28%).
Significant differences can be observed in how men and women allocate their disposable income. Both genders enjoy investing in travel, but women are more likely to spend money on clothing and cosmetics (41%), while men prefer hobbies (21%) and electronics (20%).
The study also highlights the importance of age in determining spending habits. For older individuals, health becomes a priority (33%), whereas younger Polish individuals value enjoyable and productive leisure time, as reflected in their investments in various forms of entertainment, dining out, and pursuing hobbies.
The concept of work-life balance has gained prominence in recent years, especially among younger individuals, particularly Gen Z and Millennials, who have entered the workforce over the past decade. There is increasing awareness of the importance of mental health and the necessity of having hobbies unrelated to work. Young Polish men and women are conscious of the consequences of neglecting their personal lives and are willing to spend money on various forms of entertainment to relax after work and make the most out of life.
Regardless of age or gender, travel remains a top priority for all groups identified in the study. One-third of the respondents allocate their disposable income towards travel.
The high investments in travel can be attributed to the increased accessibility of travel, including international trips, to a wider range of people. The dynamic growth of budget airlines in recent years has made regular trips more affordable for not just the wealthiest individuals. The study also reveals that residents of large cities are more likely to spend money on travel, while those living in rural areas are less inclined to travel, possibly reflecting existing socioeconomic disparities in Poland.
In conclusion, the study sheds light on the diverse spending habits of different age groups and genders in Poland. It underscores the evolving priorities of younger individuals, who prioritize leisure and entertainment, as well as the enduring appeal of travel for people of all ages. By understanding these spending patterns, individuals can make informed decisions about how they allocate their disposable income to achieve a balanced and fulfilling lifestyle.