Similarly, it can be with the total sum of outstanding obligations of seniors. Retro, which only collects data from banks, reports PLN 3.6 billion of past due installments of loans taken by pensioners. In the case of Bif it is PLN 2.06 billion. Whereas Astro gives PLN 3.2 billion.
Thus, in an optimistic scenario, the value of debts is PLN 6.8 billion. The pessimistic variant may amount to PLN 2 billion more. It is probably about PLN 7.5 billion.
On average, for each senior from 13 thousand. PLN (Astro) up to 19.6 thous. PLN (Retro + Bif) past due receivables. The record holder has PLN 8.38 million to hand over.
According to Retro, over the past year the register of unreliable debtors increased by 5,000. people (2 percent), but their liabilities increased by as much as 1/4 (PLN 1.2 billion). As a result, the average debt of persons over 64 years of age increased by 3.5 thousand. zł.
Retirees with outstanding debts account for only 5%. your age group. The lower percentage is only in the 18-24 group (4%). Whereas the least reliable are people aged 35-44. Every ninth consumer has an outstanding loan or invoice.
Most unreliable debtors-pensioners live in Upper Silesia, Mazovia and Lower Silesia. In total, it is 39 percent. all seniors with overdue obligations. They are responsible for 41 percent. total outstanding debt.
Where do the financial arrears of pensioners come from?
The most important reasons are:
- Decline in income after leaving work
According to ZUS data, 5/6 Poles retire as soon as they obtain entitlements. At the same time, the earlier they end their professional activity, the lower they receive the benefit (the smaller contribution pool is divided into more months of life expectancy).
- Commitment for the family
Retirement is a stable and sure income, which is crucial for financial institutions. Seniors are used by children and grandchildren to take loans, with which descendants finance their expenses, but they do not always pay back the debt that formally belongs to the pensioners.
- Decrease in income after husband’s death
The problem concerns women, because statistically they live on average eight years longer than men. After their death, the wives take over the repayment of obligations that they did not necessarily incur. This is done on the basis of a community of property. Due to higher benefits, gentlemen usually contribute more than half to their household budgets, so after their death widows lack the money to pay their debts.
- Increasing medical expenses and medication increase with age
The largest creditors of such persons are securitization companies, which own 40%. debts of seniors. Pensioners owe banks that are twice as low as loan companies. Other receivables include unpaid rent for the apartment and invoices for utilities (water, electricity, gas, television, telephone, internet).
The indebted pensioner is a woman
Interestingly, the majority of unreliable debtors among pensioners are ladies. The Astro data shows that in the whole group of seniors with overdue receivables, their share is 62 percent. (147 thousand people out of 238 thousand appearing in this register). It also has a higher debt value (1.9 out of PLN 3.2 billion).
Why is this happening? For demographic and financial reasons. There are simply more women than men. They finish work faster and receive lower pensions. So they start running short of current expenses, which forces them to take loans.
When they are faced with the choice of the type of medicine or rent (telephone invoice / installment), they choose the first one. As a result of not paying bills, they go to the debtors’ bases.