K&H: a significant part of Hungarians could only go without pay for 1 month
Although salaries have risen significantly in recent years, by more than 15 percent, the period that can be bridged without a salary has not increased. 30-59-year-olds could bridge an average of 7 months this way, according to the K&H Safe Future survey.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2022/09/Ke%CC%81pernyo%CC%8Bfoto%CC%81-2022-09-04-22.00.25-1024x710.png)
Hungarians have no savings
In addition, 35 percent of them could cover their expenses for a maximum of 1 month if they did not get paid, the financial institution said. It also turned out that 14 percent of them have enough reserves for 6 months. A quarter of those affected cannot or do not tend to put it aside, their proportion has increased significantly, a year earlier this was true for only 18.4 percent of them.
Average wages in Hungary have risen significantly in recent years. In June of this year, for example, the net average salary without discounts approached HUF 335,000, which means an annual increase of more than 15 percent. In previous years – between 2017 and 2021 – average net wages rose by 9-13 percent annually. For years, K&H’s secure future survey has been measuring how long the 30-59-year-old age group would be able to bridge without pay, but this period has not increased significantly in parallel with wage increases. According to the results of the second quarter of this year’s representative research, the respondents have enough money saved for an average of 7 months, but looking at the past years, it can be seen that in 2017 it was 8 months, in 2018 it was 6 months, and then in 2019 and 2020 and in 2021 both amounted to 7 months.
Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >The security of smartphone payment is equal to that of a bank card
The majority of people in their twenties consider smartphone or…
Read more >5+1 golden rules for protecting our digital devices
The use of digital devices unquestionably makes our lives, online…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >