Intrum: most Hungarians save on their stomachs

By: Trademagazin Date: 2023. 02. 03. 10:08

According to Intrum’s 2022 European Consumer Payments Survey (ECPR), about a third of society in Hungary is increasingly cut off financially: in the second half of 2022, 31.4 percent said that they had no money left at all by the end of the month.

As it was written, Hungary is by far the least able to accumulate savings in the East-Central European region: 27 percent in Poland, 24 percent in Romania, 20 percent in Slovakia, and 14 percent in the Czech Republic said that they had nothing to put aside for the end of the year. The survey covering 23 countries also revealed that the average European consumer puts aside a relatively small part of his income, less than 20 percent.

Those Hungarian consumers who are able to set aside money from their salary save for the same amount as a year before: 42 percent create a general reserve for unexpected expenses, and another 12 percent set aside in case they lose their job or income.