Hungarians Fear Pension Won't Cover Living Costs

Analysis

Among the Hungarian adult population, the proportion of those who consider self-care important has increased significantly.

At the same time, the number of those who believe they cannot save for their retirement years has also increased, according to the K&H Certain Future Index, a quarterly representative survey, the results of which were presented at a press conference in Budapest.

According to business daily Világgazdaság 87% of the respondents in the 30-59 age group considered self-care essential and believed that the state pension would not be enough on which to live.

In the same period of the last two years, 82% gave the same answer.

Meanwhile, 68% of those surveyed said they could not put aside any savings because they needed the money in other areas.

This rate is 2% higher than a year ago and 8% higher than in 2020.

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