This article addresses the allocation of Polish household savings that are invested in financial assets. As an economic category, these savings are very important in every country because they determine investments in the national economy, thereby influencing a country’s further economic growth and development. From this point of view, investigating both the allocation of personal savings and their structure is essential because they change due to changing economic circumstances, changing situations in the world’s financial markets, especially in the stock exchange markets, and the development of financial markets. The main purpose of this article is to analyze the changes in the allocation of savings in Polish households and the structure of their investment in financial assets. These changes, which are empirically observed, result from the circumstances of the national economy, which affect the behavior of investors in the stock market and determine the interest rate levels. The analysis is conducted on the basis of trend models with variations of parameters. The analysis has been carried out for the period Q4 2003 – Q3 2014.

中文翻译：

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2003 年至 2014 年波兰家庭储蓄投资于金融资产的分配分析

本文讨论了投资于金融资产的波兰家庭储蓄的分配。作为一个经济范畴，这些储蓄在每个国家都非常重要，因为它们决定了对国民经济的投资，从而影响一个国家的进一步经济增长和发展。从这个角度来看，研究个人储蓄的分配及其结构是必不可少的，因为它们会随着经济环境的变化、世界金融市场特别是证券交易所市场的变化以及金融市场的发展而变化。本文的主要目的是分析波兰家庭储蓄分配的变化及其金融资产投资结构。这些根据经验观察到的变化，由国民经济情况产生，影响投资者在股市中的行为，决定利率水平。分析是在参数变化的趋势模型的基础上进行的。分析是在 2003 年第四季度至 2014 年第三季度期间进行的。