Are you sure?

Hungarians live from hand to mouth

56% of Hungarian households do not expect to be able to make any
savings to invest in the near future, market reseach company GKI Rt
found in a survey in December. Another 15% said they had no plans to
invest even though they might have the money to do so, while a further
12%, able and willing to invest, is clueless as to what form of savings
to choose. GKI attributes the results to a lack of advance planning
typical of Hungarians with regard to investments, who make their
decisions on the spur of the moment and supposedly lean towards the
most straightforward solution, such as bank deposits. Only 17% of
households have definite investment plans; of these, 50% and 27% intend
to keep their money in short-term and long-term bank deposits,
respectively. 13% said they were planning to invest in unit-liked
insurance, while treasury bills are attractive to 12% and corporate
bonds to 11%. Foreign currency investments, government bonds and
investment funds attract interest from 9% of households each. "The
structure of Hungarian investments is still significantly different
from those of more developed countries from the equity and money market
point of view," GKI concluded from the data. "The high percentage of
bank deposits also goes to show that Hungarians prefer not to commit in
the long run, choosing short-term investments instead."