In the second quarter of this year, 58 percent of 19-29-year-olds had savings, and only 20 percent stated that they did not save at all, he said, based on a survey by the K&H group, adding that 58 percent is the highest value ever measured.
Based on the data, there are more people in the 26-29-year-old age group who do not collect than among the 19-25-year-olds: 31 percent and 14 percent, respectively.
Previously, most people put away their remaining forints at the end of the month for later, now 35 percent of them set aside the amount intended for savings at the beginning of the month.
The majority of young people, 49 percent, are saving for an apartment, but the proportion of those who want to travel has also increased. Collecting the general reserve is also an important goal of every third 19-29 year old.
The bank's youth index also revealed that last year's average savings of HUF 649,000 had increased to HUF 736,000 by 2021. However, only 36 percent of them could live on their savings for at least half a year, this proportion was higher in previous years, they said. In 2010, the bank group launched the Vigyázz, kéz, pénez! financial quiz: the aim of the program is to increase the financial and management knowledge of Hungarian primary and secondary school students. In the past 10 years, teams from nearly 800 settlements and more than 1,700 schools, approximately 55,000 students, have participated in the competition.
Source: MTI
Image: Pixabay
