The announcement explained that most young people aged 18-25 have no more than HUF 100,000 set aside, while 17% of them put the amount of their savings between HUF 100,000 and 200,000.

The number of those who have more than HUF 200,000 was negligible, only 8%.

Some 45% of the respondents put aside less this year than last year, 27% saw a significant decrease in their savings, while nearly 18% only perceived a minor change in their financial reserves, they explained.