Young adults start to save up for their future

Analysis

The 31% of net savers in Hungary are under 35, the young generation - between 27 and 35 - makes the 25% of all savings, daily newspaper Napi Gazdaság wrote on Wednesday, citing data from the analysis of CIB Bank.

According to the study, mainly those around 30 decided to set aside smaller or bigger amounts on a monthly basis. If this trend continues, that will significantly contribute to the increase of household savings, CIB experts believe.

Since 2008, people learned, how dangerous excessive debt can be, in contrary, to set aside a certain amount every month that could be later the basis of investing serves their security, the study said. To the expansion of domestic private savings, those products are necessary, that encourage the saving of even a small amount, CIB experts added.

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