Save and invest rather than taking up loans

The economic crisis did not change the financial habits of people, however changed the usage of financial products – states the study of GfK Hungária market Researc Institute.

The financial product usage is fairly static, because borrowing is generally not a short-term process and it is not easy to move an investment, or to terminate an account. Thus, the substantial part of the population did not respond to economic crisis practically, managing their finances, as they have done previously. The planned usage of the financial products has been changed. Families have become cautious and much less intended to use new financial products than in the past. The population in the current economic situation, prefers savings and investment, contrary to borrowing, which is positive tendency in the point of view of the population but a negative aspect in the development of consumption and economic growth.