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.
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