Fewer Hungarians Invest Savings, More Keep Cash At Home

  • 5 Nov 2020 11:39 AM
  • Hungary Matters
Fewer Hungarians Invest Savings, More Keep Cash At Home
Just 40% of Hungarians have savings invested in the money market, according to a survey in September by OTP Bank, the lowest level since the lender launched the annual gauge of financial self-care in 2011.

The representative survey shows 47% of Hungarians keep some of their savings at home, up from 41% in 2018, and 23% said all of their savings are at home.

About 35% of those surveyed said they had been negatively impacted by the pandemic: 8% had lost their jobs and one-third were getting smaller paycheques.

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