Majority of Czech households say income covers their needs

Food

Photo by fizkes/Shutterstock.com

Fifty-four percent of Czech households say they have no trouble meeting their needs on their present income, a survey conducted by the Public Opinion Research Center (Centrum pro výzkum veřejného mínění, or CVVM) shows, as cited by Czech Radio.

Photo by fizkes/Shutterstock.com

That is the highest number in 17 years, when polling on the subject first started. Some 24% of households consider themselves poor, which is 2% more than last year.

In the crowded middle ground, 66% of households do not consider themselves either rich or poor, but claim that they can meet their basic needs.

However, only half of households have enough left at the end of the month to save, and a third say they cannot afford to support their elderly parents or go on foreign holidays, Czech Radio adds.

ADVERTISEMENT

MBH Bank Closes Acquisition of Duna Takarék Bank Banking

MBH Bank Closes Acquisition of Duna Takarék Bank

Orbán Augurs Economic Rebound From Q3 Government

Orbán Augurs Economic Rebound From Q3

Corvinus Uni, ExxonMobil Sign Cooperation Deal Deals

Corvinus Uni, ExxonMobil Sign Cooperation Deal

Budapest Muni Council Clears Rác Baths Renovation Tourism

Budapest Muni Council Clears Rác Baths Renovation

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.