The Hungarians’ vision of the future is not very optimistic

By: Trademagazin Date: 2024. 08. 20. 11:39

The vast majority of middle-aged Hungarians expect that their state pension will be low, so they have to work for a living while they can. In this situation, the best thing that those concerned can do is to try to ensure sufficient savings for their old age in advance.

60 percent of middle-aged Hungarians, i.e. 30-59-year-olds, believe that they will no longer be retired because they will have to work all their lives. – this is revealed by the second quarter results of the K&H Safe Future survey. The research looked for the answer to what today’s middle-aged people expect in relation to their retirement years.

Vulnerability

People living in villages feel particularly vulnerable: 68 percent of them are preparing for a lifetime or until illness. Those under the age of 50 think similarly, while 43 percent of those in their fifties are preparing for the fact that they will have to work even with a pension.

“However, it is a positive change that among those with savings, the proportion of optimists is higher than average. Compared to the first quarter of this year, the proportion of those who believe that they can set aside a significant amount for their old age in their active years by saving a small amount regularly, has risen significantly, from 53 percent to 62 percent.

– said Pálma Székely, head of K&H’s sales and life insurance business.