More people looking to save

Food

According to the experience of recent weeks, more and more people are looking for long-term solutions that can protect themselves and their loved ones from adverse economic and financial effects in a predictable way, says azenpenzem.hu.

Even before the coronavirus epidemic, it was clear from the data of the research what fears and concerns encourage the Hungarian population to save.

Self-care Index research commissioned by OTP Bank in 2019 shows that more than half of those surveyed feared that they would have unexpected expenses due to illness or accident.

One in six respondents was concerned about deaths and nine out of 100 were worried about losing their jobs.

The survey also found that just over a third, 37%, of respondents are saving to prepare for unexpected life situations, azenpenzem.hu adds.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.