Despite the fact that Hungarians’ appetite for saving has remarkably increased during the economical crisis, their capacity has decreased, according to a research of Aviva Life Insurance company completed at the end of 2010. However this year might bring growth in Hungarian’s saving capacity due to the new tax changes.
More than half of the Hungarian population can save less than five years ago, and only fifth of them can save more than before the crisis. The survey shows that 15% of Hungarians do not have any sort of saving, and half of the Hungarians save less than HUF 10,000 a month.
Hungarians should save an average monthly HUF 45,000 to be able to live on an acceptable life standerd during their elderly age, according to the pension gap quantifying European survey, managing director of Aviva Life Insurance János Bartók explained.
In recent years, only younger people with higher educational degree managed to increase their monthly savings, but in the past year their saving capacity also decreased. People between the age of 36-45, however, are characterised by major debt and family costs. The survey has also revealed that younger people prefer short term investments, while older people on the other hand tend to choose longer term investment options. (ASZ)
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