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<p>The COVID-19 pandemic, due to its prevalence, has affected all spheres of socio-economic life, in particular household finances. The aim of the article is to present the impact of the pandemic on the financial situation of Poles and Slovaks who use robo-advisory services, including their financial behaviour and investments. The methodology of the article involves literature analysis, statistical data and the author’s own empirical survey. The empirical study aims to verify the research hypothesis: the COVID-19 pandemic influenced the personal finances of Poles and Slovaks who use robo-advice, although this impact was not the same in all areas of personal finance, nor in relation to investment plans after the pandemic. During the pandemic, most of the respondents had lower expenses, but in the future more than half of the respondents did not plan to change the amount of their expenses. Most of the surveyed people increased their savings during the pandemic. Poles more often admitted that they invested more during the pandemic, while more Slovaks than Poles invested the same amount during the pandemic. On the other hand, the Slovak respondents declared that after the pandemic they intend to invest greater sums than Poles indicated.</p>
</abstract>

The COVID-19 pandemic, due to its prevalence, has affected all spheres of socio-economic life, in particular household finances. The aim of the article is to present the impact of the pandemic on the financial situation of Poles and Slovaks who use robo-advisory services, including their financial behaviour and investments. The methodology of the article involves literature analysis, statistical data and the author’s own empirical survey. The empirical study aims to verify the research hypothesis: the COVID-19 pandemic influenced the personal finances of Poles and Slovaks who use robo-advice, although this impact was not the same in all areas of personal finance, nor in relation to investment plans after the pandemic. During the pandemic, most of the respondents had lower expenses, but in the future more than half of the respondents did not plan to change the amount of their expenses. Most of the surveyed people increased their savings during the pandemic. Poles more often admitted that they invested more during the pandemic, while more Slovaks than Poles invested the same amount during the pandemic. On the other hand, the Slovak respondents declared that after the pandemic they intend to invest greater sums than Poles indicated.

The impact of the COVID-19 pandemic on the personal finance - a comparative analysis of Poles and Slovaks

Poznan University of Economics and Business

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The COVID-19 pandemic, due to its prevalence, has affected all spheres of socio-economic life, in particular household finances. The aim of the article is to...

The impact of the COVID-19 pandemic on the personal finance - a comparative analysis of Poles and Slovaks

Published Online: Sep 30, 2022

Page range: 80 - 87

Received: Aug 01, 2022

Accepted: Sep 20, 2022

DOI: https://doi.org/10.2478/fiqf-2022-0021

Keywords
personal finance, COVID-19 pandemic, personal budget, investments, savings

© 2022 Krzysztof Waliszewski, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The impact of the COVID-19 pandemic on the personal finance - a comparative analysis of Poles and Slovaks

Published Online: Sep 30, 2022

Page range: 80 - 87

Received: Aug 01, 2022

Accepted: Sep 20, 2022

DOI: https://doi.org/10.2478/fiqf-2022-0021

Keywordspersonal finance, COVID-19 pandemic, personal budget, investments, savings

© 2022 Krzysztof Waliszewski, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
personal finance, COVID-19 pandemic, personal budget, investments, savings