• Home
• Channel: Finance
• Survey: National Bank on Hungarians' Financial Health

Survey: National Bank on Hungarians' Financial Health

• 25 Oct 2024 6:51 AM

The National Bank of Hungary revealed the results of its inaugural survey on Hungarians' financial health.

The survey, which defined financial health as a feeling of financial security as well as the freedom to take one's own financial decisions in the present and in planning for the future, was conducted among a representative sample of 1,500 people between the ages of 18 and 79 in August.

Based on the results, the NHB rated Hungarians' financial health on a scale of 0 to 100. On average, Hungarians scored 53 on the NBH's Financial Health Index, but 14pc were in the "critical" range, between 0 and 29, and 29pc were "vulnerable", scoring between 30 and 49.

The NBH noted that more than half of the households in those at-risk categories had net incomes under HUF 400,000/month.

Around 35pc of Hungarians were in the "low-risk" category, scoring 50-69.

Among the Financial Health Index sub-indices, Hungarians scored 48 for "ability and effort to make savings", 56 on the gauge of material position and 49 for "financial resilience".
 

Source: 
MTI - The Hungarian News Agency, founded in 1881.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Survey National Bank Finance

Explore More Reports

Hungarian Finance Minister Presents Tax Bill to Parliament

• 31 Oct 2024 7:42 PM

A tax bill submitted by the Finance Ministry to parliament on Wednesday would double tax preferences for families with children, extend the preferential VAT rate for home purchases and phase out some taxes on businesses.



Hungary Advances to 7th in International Tax Competitiveness Ranking

• 23 Oct 2024 1:53 PM

Hungary has advanced to 7th from 11th place in the latest annual ranking by the Tax Foundation of OECD countries' tax competitiveness, Finance Minister Mihaly Varga said in a post on social media.



Why Have Growth Forecasts Been Slashed by National Bank in Hungary for This Year, & 2025?

• 26 Sep 2024 6:14 AM

The MNB expects Hungary’s economy to grow by just 1-1.8% this year, a sharp revision from the 2-3% forecast made three months ago, according to preliminary data from the quarterly inflation report to be released.



Hungarian Sustainable Investment & Finance Forum Launched

• 17 Sep 2024 2:50 PM

The Hungarian Sustainable Investment and Finance Forum (HuSiF), an initiative to support Hungary's investment and financial service providers in fostering the growth of sustainable investments within the country, has been launched, organiser Aquincum Sustainable Finance Nonprofit said.