Intrum: most Hungarians save on their stomachs
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.
Related news
Carefree consumers? Considerable differences in the middle-aged camp
Although inflation receded, the income of middle-aged people did not…
Read more >A significant number of Hungarians save for their health and stress because of their financial difficulties
Due to our financial situation, we face serious mental and…
Read more >This is what the youngest customer group spends on
Two-thirds of the 14-18-year-olds receive an average of HUF 22,000…
Read more >Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Vegan activist on Forbes’ prestigious “30 successful Hungarians under 30” list
Raul Vida, the founder of Prove magazine, is the first…
Read more >UEFA and Just Eat Takeaway extend partnership
Just Eat Takeaway has extended its partnership with the UEFA…
Read more >