Survey: Tendency to save for retirement low in Hungary

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Approximately 70% of Hungarians stated their intention to put at least 5% of their income toward retirement, giving Hungarians the lowest propensity to save for retirement of the 34 countries polled, according to a survey published by staffing company Randstad.

Of those Hungarians surveyed, 22% claimed they were willing to save 10% of their income for retirement and just 7% said they would set aside 20%. Only 34% of the Hungarians queried agreed that saving for a pension is their own responsibility and not that of their employerʼs, the lowest ratio of all countries surveyed.

Approximately 47% of respondents believe that employability is their own responsibility, not that of their employerʼs – also the lowest percentage among countries polled – while approximately 77% of Hungarians expect to work beyond retirement age.

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