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Poles are getting rich...


Polonius3 1,000 | 12,448
14 Oct 2010  #1
Found this on the Polish Radio website. Any comments?

In the past ten years the average adult Pole has managed to increase his wealth three-fold.
The Global Wealth Report drafted by Credit Suisse reveals that Poles are getting richer quickly, although citizens of western European countries are still eight to nine times more affluent.

The average estate of an adult Poles amounts to around 28,600 US dollars. The average UK citizen possesses eight times that sum, with the French owning up to nine times that figure.

In Central Europe, only the Czech Republic houses wealthier citizens than Poland, with the average Czech owning 31,800 US dollars. The average German, however, has an estate worth 164,000 US dollars.

According to the Credit Suisse report, the richest people on the planet are the Swiss, Norwegians, Australians, Singaporians and the French. The average Swiss citizen has an estate worth 372,000 US dollars.
Dougpol3 1 | 40
14 Oct 2010  #2
Nothing surprising there - as in every society. A certain amount of supply and demand, speculation - above all - location, location, location, more oversees earnings, more management buy-outs, restructurisation, salary increases for the professional classes to approx 40 per cent ( or higher in some key areas) of Western Europe.

It's all good - I get to meet some middle class nouveau riche as clients - but they seem to wear it well, and it has to be good news.
convex 20 | 3,978
14 Oct 2010  #3
considering the increase in property values, it's not surprising. Median income however has most definitely not risen threefold over the past 10 years.
Polson 5 | 1,771
14 Oct 2010  #4
The average estate of an adult Poles amounts to around 28,600 US dollars.

And as there are still big differences between Poles themselves (Poland A and Poland B)... I guess the Poles living in Warsaw and Silesia own much more.
George8600 10 | 637
14 Oct 2010  #6
Swiss on the top as usual, all is normal here. Carry on...
trener zolwia 1 | 940
14 Oct 2010  #7
Any comments?

Those are some very interesting stats. Particularly the disparities.
Chicago Pollock 7 | 504
14 Oct 2010  #8
According to the Credit Suisse report, the richest people on the planet are the Swiss, Norwegians, Australians, Singaporians and the French. The average Swiss citizen has an estate worth 372,000 US dollars.

Swiss...it pays to stay out of wars.
Eurola 4 | 1,906
14 Oct 2010  #9
Some Poles are getting rich, most stay in the moderate or low income bracket. My friend went to Poland after 18 years and found her friends living in the same, small, dingy apartments...
alexw68
14 Oct 2010  #10
Swiss...it pays to stay out of wars.

And to provide covert banking services for same.
convex 20 | 3,978
14 Oct 2010  #11
Swiss...it pays to stay out of wars.

And not completely sink your currency...
monika87 - | 55
14 Oct 2010  #12
It's all good - I get to meet some middle class nouveau riche as clients - but they seem to wear it well, and it has to be good news.

Yes, indeed
SeanBM 35 | 5,808
14 Oct 2010  #13
Median income however has most definitely not risen threefold over the past 10 years.

Do you know how much it has risen?
convex 20 | 3,978
14 Oct 2010  #14
Average wages have increased 50% over the last 10 years.

stat.gov.pl/gus/5840_1630_ENG_HTML.htm

Unfortunately the government only keeps info on average salaries, not median salaries. 10 years ago the zloty/euro exchange rate was exactly the same as it is today.
1jola 14 | 1,879
14 Oct 2010  #15
A conversation for people completely detached from reality and lack of knowledge of probability and statistics, but that is who those figures are for. Somehow I don't feel better being considered a multi-billionare.

Edit:

average salaries, not median salaries.

You're on the right track.
Seanus 15 | 19,706
14 Oct 2010  #16
Some are, some aren't. Many are a long way off being part of any nouveau-riche culture. Don't believe Marek Konrad's propaganda ;) ;)
THE HITMAN - | 236
14 Oct 2010  #17
Good luck to those who have attained wealth through hard work, but in reality the majority of Polish elite are corrupt crooks whom amassed their wealth at the expense of good hard working class honest Poles.

There were those who managed to fraudulently obtain mass proportions of real estate, distributed amongst relatives when Poland came out of communism at chicken feed prices, who now are sitting pretty, the rest of the working class were left with zero.

Those same people run a monopolistic tight regime presently, and those trying to better themselves often come up against a brick wall of bureaucracy and threats.

Money talks, so if you,ve got it, you prosper, especially in Polish society. (money makes money). Unfortunately those who have,nt face a life of tormented hard labour and abuse.

As Seanus says, don,t believe in propaganda. Look at Polands unemployment stats and tell me how are Poles getting rich. Are we talking about the minority or majority ?
Ironside 48 | 9,748
14 Oct 2010  #18
Sure, I agree that the thread is rich !
trener zolwia 1 | 940
14 Oct 2010  #19
Israel real estate market hottest on the planet:

JERUSALEM (AP) - Israel, despite perennial fears of war, has emerged as one of the hottest - and least likely - property markets in the world: Since real estate collapsed around the globe in 2008, at least one industry watchdog lists it as the fastest-rising property market on earth.

apnews.myway.com/article/20101014/D9IREE200.html
Torq 26 | 2,371
14 Oct 2010  #20
Israel real estate market hottest on the planet

Too right! The hottest and the most explosive one! I think we can even talk about a "Boom!"
on Israeli real estate market. In the future we may witness even hotter and more explosive
market booms in Israel.

Invest your money there while you can, people!

*or you will miss the boom!*

The topic is starting to wander.
trener zolwia 1 | 940
14 Oct 2010  #21
The hottest and the most explosive one! I think we can even talk about a "Boom!"
on Israeli real estate market.

Lol!
Meanwhile, Palestinian real estate is in the dumps...

The topic is starting to wander.

Just chill. From the very opening post this thread has been about comparative wealth of other places as related to Poland.

So how does this real estate boom in Israel compare to the market in Poland?
Seanus 15 | 19,706
14 Oct 2010  #22
Let's bring it back, then. Tusk and Kommie are making western Poland richer and eastern Poland poorer. Saying that Poles are getting rich is only half the story.
convex 20 | 3,978
14 Oct 2010  #23
East/West or urban/rural?
Seanus 15 | 19,706
14 Oct 2010  #24
A bit of both. I get the feeling that Tusk/Kommie will want to make those poor mohair berety pay for their histrionics. Farmers will get whacked.
convex 20 | 3,978
15 Oct 2010  #25
How are they getting screwed over? They're not increasing spending even further for unaffordable welfare payments? It's not like anything has been taken away...
Seanus 15 | 19,706
15 Oct 2010  #26
I suggest that you check out disparities over the last 3 years, convex. It might make for interesting reading.
convex 20 | 3,978
15 Oct 2010  #27
I never shun good reading material......and off to bed, cats are plotting...
Seanus 15 | 19,706
15 Oct 2010  #28
Yup, me too. Tbc. This should make for a good topic. Stats will come in handy. Anyway, gnite all.
Ashleys mind 3 | 456
9 Nov 2010  #29
Some Poles are getting rich, most stay in the moderate or low income bracket. My friend went to Poland after 18 years and found her friends living in the same, small, dingy apartments...

Just terrible... were they happy?

Like most cultural societies, they were not established in the name of progress... this tends to destroy cultural identity.... Be careful what you wish for.
trener zolwia 1 | 940
9 Nov 2010  #30
this tends to destroy cultural identity.... Be careful what you wish for.

So does Marxism. Marxism is never the answer.


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