Willingness to borrow increases
Image by Shutterstock.com
Hungarians' willingness to borrow has increased as 12% of those surveyed plan to borrow in the next year, up by five percentage points from last August, according to a representative survey conducted by Cofidis Loan Monitor in the first quarter of 2022, writes business daily Világgazdaság.
Some 11% of respondents would take out a loan to balance their family coffers.
Typically, mention was made of an unexpected, larger expense, such as a boiler replacement, that they would not be able to pay in one lump sum.
One-third of the respondents live from their income comfortably, but two-thirds have an incomplete family budget.
This deficit means about HUF 100,000 for the majority (34%) on a monthly basis.
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.