The survey, which defined financial health as a feeling of financial security and the freedom to make 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 MNB rated Hungarians’ financial health on a scale of 0 to 100.
On average, Hungarians scored 53 on the MNB’s Financial Health Index, but 14% were in the “critical” range, between 0 and 29, and 29% were “vulnerable,” scoring between 30 and 49.
The MNB noted that more than half of the households in those at-risk categories had net incomes under HUF 400,000/month. Around 35% 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 sa vings,” 56 on the gauge of material position, and 49 for “financial resilience.”
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