More Hungarians Looking To Save Money

  • 7 Apr 2020 10:16 AM
  • Budapest Business Journal
More Hungarians Looking To Save Money
According to the experience of recent weeks, more and more people are looking for long-term solutions that can protect themselves and their loved ones from adverse economic and financial effects in a predictable way, says

Even before the coronavirus epidemic, it was clear from the data of the research what fears and concerns encourage the Hungarian population to save.

Self-care Index research commissioned by OTP Bank in 2019 shows that more than half of those surveyed feared that they would have unexpected expenses due to illness or accident.

One in six respondents was concerned about deaths and nine out of 100 were worried about losing their jobs.

The survey also found that just over a third, 37%, of respondents are saving to prepare for unexpected life situations, adds.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.