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Fewer Hungarians Invest Savings, More Keep Cash At Home

• 5 Nov 2020 11:39 AM
• Hungary Matters

Just 40% of Hungarians have savings invested in the money market, according to a survey in September by OTP Bank, the lowest level since the lender launched the annual gauge of financial self-care in 2011.

The representative survey shows 47% of Hungarians keep some of their savings at home, up from 41% in 2018, and 23% said all of their savings are at home.

About 35% of those surveyed said they had been negatively impacted by the pandemic: 8% had lost their jobs and one-third were getting smaller paycheques.

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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