K&H: Young people saving more
Photo by Andrey_Popov/Shutterstock.com
The willingness of young people to save has increased, according to a survey from K&H, writes profitline.hu.
The K&H youth index has been measuring the financial behavior of 19-29-year-olds for years, which shows that saving is becoming more common year after year.
In March 2021, 60% of young people had money set aside. The analysis also shows that more people are consciously planning their expenditures while using less cash.
According to K&H data, the use of mobile banking jumped enormously in 2020, compared to the previous year. Meanwhile, the older age group also became digitally active customers.
Additionally, 82% of the total customer base use credit cards, while this applies to 89% of 19-29-year-olds.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.