ADVERTISEMENT

Two-thirds of Hungarians wouldn't work after retirement, even for more pay - survey

Food

 

 About two-thirds of Hungarians would not work after retirement age even for higher pay, a survey by human resources services company Randstad shows.

 

    Asked whether they would work after retirement if they received a 5 percent pay rise, 30 percent of Hungarians responded positively.

 

    Just 18 percent of all respondents said they would work after retirement, well under the 55% of Brits or the 62% of Poles.

 

    Randstad said 2,430 Hungarians between the ages of 18 and 65 who work at least 24 hours a week responded to the survey.

 

    In June, Hungary's parliament approved a constitutional amendment that allows early retirement pensions to be eliminated and replaced with social allowances.

 

    The government recently announced plans to raise the country's workforce participation rate from 55 percent at present to 65 percent, then to around 75 percent.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.