40 percent of Hungarians live from month to month

By: Trademagazin Date: 2023. 10. 25. 12:06

In terms of expectations for the future, the Hungarian population is still quite pessimistic – this is evident from the most recent representative research by Generali Biztosító[1], which examined the financial awareness, saving habits and expectations related to the retirement years of the Hungarian population aged 18-65.

Comparing the results of 2021 and 2022 and this year’s research, almost equal pessimism prevails among the population: they do not expect a secure livelihood and predict similarly bad prospects for their retirement years as last year. A gloomy picture also emerges in terms of income differences and savings: although slightly less than last year, 40% of those surveyed still do not have a monthly set aside amount, but the average can only save HUF 30,000. On the other hand, the proportion of those who can manage with an extra monthly amount of more than HUF 150,000 increased minimally, but they still make up only 5 percent of the respondents.