Willingness to borrow increases

Banking

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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. 

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