Fully 69% of Hungarians surveyed by K&H Bank said they expected to work after they retire. The report noted that the ratio had increased from 61% last year. K&H Bank’s Péter Kuruc told a press conference that nearly 80% of respondents said they expected a worse or even far worse standard of living when they retired and only 22% had pension savings of their own.
According to the survey, 78% of respondents in the 30-plus age group said they expected the current pension system to fail, while 70% of respondents in their 40s and 41% of those in their 50s held the same view.
Republished with permission of Hungary Matters, MTI’s daily newsletter.