Savings In Hungary

One worrying feature of Hungarian society, people don't have too many accumulated savings to draw down as they age:

As many as 81% of Hungarians have no financial investment whatsoever and the majority of their existing investments are in short-term bank deposits, according to the latest market research of GFK Hungária Kft released on Friday.

A total of 40% of consumers surveyed said they were expecting to save significantly less next year and only 2% said they would be able to save significantly more. Around 31% expect to be able to save as much as before and 23% said savings would probably decrease slightly in the next 12 months.