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    How Many Poles Can Boast Five-Figure Incomes?

    According to KPMG, the number of Poles earning over 10,000 PLN (approx. 2,160 EUR) per month rose to 1.5 million in 2022. However, the group with net assets over 1 million USD (approx. 930,000 EUR) shrank by 10%.

    The number of individuals exceeding the second tax threshold (120,000 PLN or approx. 25,900 EUR annually) increased by 51% year-on-year. Their total earnings reached nearly 376 billion PLN (approx. 81 billion EUR), a 9.6% rise. Earnings for those making at least 20,000 PLN (approx. 4,320 EUR) monthly fell.

    KPMG categorized these high earners into three groups: affluent (over 20,000 PLN or 4,320 EUR monthly), wealthy (over 50,000 PLN or 10,800 EUR), and very wealthy (over 83,300 PLN or 17,970 EUR). The affluent group grew by 37.7% to 441,000 people, the wealthy group by 1% to over 83,600, while the very wealthy group declined by 4.6% to just under 35,000 people.

    Despite the growth in numbers, total earnings for these groups dropped by 0.2% (to 220 billion PLN or approx. 47 billion EUR), 12.7% (to 114 billion PLN or approx. 24.6 billion EUR), and 15.6% (to 79 billion PLN or approx. 17 billion EUR) respectively. Average monthly gross incomes also fell: affluent individuals earned 41,400 PLN (approx. 8,940 EUR), wealthy individuals 113,300 PLN (approx. 24,440 EUR), and very wealthy individuals 187,200 PLN (approx. 40,450 EUR).

    At the end of 2022, Poland had nearly 90,000 people with net assets over 1 million USD, a decrease of about 10.5 thousand. This aligns with global trends and could be due to the US dollar’s appreciation. Interestingly, those with net assets over 50 million USD (approx. 46.5 million EUR) grew by nearly 2%.

    The report also highlights that in 2023, the average Polish consumer spent 863.1 PLN (approx. 186 EUR) on luxury goods, up from 547.62 PLN (approx. 118 EUR) in 2020 and 602.4 PLN (approx. 130 EUR) before the pandemic.

    KPMG operates in 143 countries, providing audit, tax, and advisory services.

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