On average, Hungarians can save a bit less than 15,000 HUF which correlates with 2011 figures and is 2.5 per cent more than in 2012: 42 per cent of citizens can save less than 10,000 HUF while 28 per cent save 10,000–20,000 HUF monthly; 9 per cent cannot save at all while 1 per cent can save more than 75,000 HUF.

Fifty-nine per cent of Hungarians find that saving money important, 3 per cent more than last year. Ladies seem to be thriftier as 61 per cent of them save money as opposed to 57 per cent of men. As might be expected, young adults save less money than the middle aged. The most important reason for saving money is to have a reserve in case of emergency.

Although keeping money in the bank and investing in life insurance or penion funds are still reasonably popular, 29 per cent of Hungarians have chosen to keep their money safely at home.

Source: ORIGO

By Christian Keszthelyi for XpatLoop.com

Proofread by Írj Jól Szolgáltató Kft