Proportion of Young People Saving to Decrease in Near Term

Analysis

Some 47% of young people save on a monthly basis, and another 21% save less often, but also regularly, according to a survey from K&H Bank, writes hrportal.hu.

According to their survey, 26% of those who save monthly already save at the beginning of the month, while 21% put aside the remaining amount by the end of the month.

The proportion of adults between the ages of 19 and 29 who do not save at all is 20%, and almost a sixth of those surveyed save only when they have a larger amount.

Based on the data, K&H believes that accelerating inflation is now affecting the savings habits of the younger generations. This partly explains why a fifth of participants were unable to put any money away for themselves.

According to the announcement, the proportion of young people able to save will probably decrease in the short term.

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