The Wealth Position of Hungarian Households based on HFCS

Anna Boldizsár (), Zsuzsa Kékesi, Balázs Kóczián () and Balázs Sisak ()
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Anna Boldizsár: Magyar Nemzeti Bank
Balázs Kóczián: Magyar Nemzeti Bank
Balázs Sisak: Magyar Nemzeti Bank

Financial and Economic Review, 2016, vol. 15, issue 4, 115–150

Abstract: Capturing the unique characteristics of market participants, micro-level statistics have gained significance in recent years, as macro data are not always detailed enough to give sufficient insight into the motivations of households. After the crisis, changes in borrowing attitudes, the subdued improvement in consumption and problems with monthly loan payments focused the attention on micro statistics. This gave rise to widespread demand for a European database on household wealth. Hungary joined the second wave of the survey. Presenting the results of the survey, this article provides a detailed overview of the real and financial wealth of households as well as the distribution and main statistical characteristics of their loans. In addition, we identified the demographic features that influence the saving and borrowing habits of Hungarian households. According to the data obtained, the value of their main residence tends to be the major asset for households: the most frequent motivation behind their saving or borrowing is to acquire or renovate their residential property. Since the majority of households hold a certain size of residential property accordingly, jointly, their net – real and financial – assets can be considered evenly distributed by international standards.

Keywords: income; real wealth; financial wealth; loan; savings; financial assets; households (search for similar items in EconPapers)
JEL-codes: D14 D31 E21 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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