K&H: 22 percent of young people have sufficient reserves for a longer period of time

By: Trademagazin Date: 2025. 05. 30. 09:48

Nearly six out of ten young people have some savings, according to the latest K&H Youth Index. There are significant differences between them: 38 percent of savers would have enough reserves for at least six months in case they had no income, 36 percent could plan for a maximum of one month, and 26 percent for a maximum of three months. At the same time, more than a tenth of young people who save could live without income for more than a year.

Many young people would find themselves in a difficult situation if their monthly income were to cease for some reason: in this case, they would have to rely on their accumulated reserves, but this is a tough nut to crack for many of them – this is what the K&H Youth Index found in the first quarter of this year.

22 percent

“It is important that young people develop conscious financial habits as early as possible – especially in terms of savings. A savings deposit account, which is also connected to a digital goal planner, can be a good tool for this from the age of 14. Here, they can specify what they are saving for – whether it is a driver’s license, a new phone or even their first apartment – and track where they are in achieving their goal. This is the first step towards conscious money management, which over time will make the achievement of larger goals natural – whether it is investments or retirement savings, which can now be conveniently managed from a mobile bank. This is how self-care for the future begins – step by step, consciously”

– Zoltán Rammacher, Marketing Manager of the K&H Retail Customer Segment, commented on the results. He added: “According to our survey, 42 percent of young people have no savings and this proportion has not changed significantly in the past 5 years.”

How long will the savings last?

According to the detailed data, 36 percent of young people with savings this year believe that they could only finance their everyday lives for one month from their existing reserves. In addition, 26 percent of them also have a maximum time horizon of three months. Overall, the majority of young people with savings, 62 percent, only have savings of an amount that they can only plan for a relatively short period of time.

According to the research, the proportion of young people who save is 38 percent who said at least half a year, which is slightly higher than the 34 percent average calculated from the results of the survey published every quarter since 2012.

The overall results also show that 8 percent of young people who save do not consider even one year to be an impossible mission. The proportion of those in the best situation is 11 percent, and they are those who, according to their own admission, have enough reserves for more than one year.

The place of residence fundamentally determines this issue, as according to the survey, 68 percent of twenty-year-olds in Budapest have savings, compared to the average of 58. And while 49 percent of those with savings in the capital could draw on their savings for at least six months, this rate is only 25 percent in smaller cities.