Most Hungarians expect having to work in retirement

Budapest, January 10 (MTI) – Fully 69 percent of Hungarians surveyed by K and H Bank said they expected to work after they retire.

The report presented at a press conference on Tuesday noted that the ratio had increased from 61 percent last year.

K and H Bank’s Péter Kuruc told the press conference that nearly 80 percent of respondents said they expected a worse or even far worse standard of living when they retired and only 22 percent had pension savings of their own.

According to the survey, 78 percent of respondents in the 30-plus age group said they expected the current pension system to fail, while 70 percent of respondents in their 40s and 41 percent of those in their 50s held the same view.

Source: MTI