According to a survey conducted by K&H Group in the first quarter of this year, 49% of young people aged 19-29 in Hungary had financial reserves, compared to 56-60% in previous quarters.
Results of the K&H Youth Index, which examines the financial situation of young people, suggests that nearly 38% of young people with savings have enough reserves for only one month, 23% have enough for three months, and 26% can finance their lives for up to half a year without any income.
Only 13% of those under 30 have enough savings for at least a year, the results showed.
It was found that rising everyday expenses could play a role in the declining ability to save, but it was pointed out that it is worth thinking about saving as a student.
The online representative sample of 300 people was taken in February.
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