K&H: financial security? the picture is very mixed

Middle-aged Hungarians continue to have a very mixed view of their subjective financial situation, according to the K&H Sure Future survey, which examined this issue among 30-59 year-olds in the second quarter.

How much does it take to save?

According to the latest results of the household income survey, 2 percent of respondents have an income of 229 thousand forints, which is so low that they are forced to do without in order to survive. The next two categories are those who face financial problems from month to month, they make up 8 percent of the respondents, and 16 percent are those who are just barely getting by on their income – the average monthly net source of living for these two categories is 426 thousand forints.

26 percent of respondents said that with a monthly income of 589 thousand forints, they do not have everyday financial problems, but the amount is not enough to save. The largest part of respondents, 36 percent, sees that they can get by well on the average monthly amount of 674 thousand forints, and can even put some aside occasionally. The 12 percent in the most favorable situation reported an average of 719 thousand forints, which is enough for regular savings. The average monthly income among middle-aged people was thus around 573 thousand forints in the latest measurement.