Household Finance and Consumption Survey 2023: Results from Slovakia

Andrej Cupak (), Judita JuraÅ¡eková Kucserová (), Anna Strachotová (), Jan Babecký (), Denys Orlov (), Michal MarenÄ Ã¡k () and Vladimír Novák ()
Additional contact information
Andrej Cupak: National Bank of Slovakia
Judita Jurašeková Kucserová: National Bank of Slovakia
Anna Strachotová: National Bank of Slovakia
Jan Babecký: National Bank of Slovakia
Denys Orlov: National Bank of Slovakia
Michal MarenÄ Ã¡k: National Bank of Slovakia
Vladimír Novák: National Bank of Slovakia

No OP 1/2026, Working and Discussion Papers from Research Department, National Bank of Slovakia

Abstract: This report presents findings from the 2023 wave of the Household Finance and Consumption Survey (HFCS) in Slovakia. Median household net wealth increased by about 30% in nominal terms between 2021 and 2023. However, these gains were largely offset by inflation, resulting in real net wealth increasing by only 4%. The inflationary period and the cooling of asset markets between the two waves benefited homeowners and pensioners in particular, while renters experienced little to no improvement – and in some cases a decline – in their real wealth. Participation in financial markets continued to expand; however, deposits remain the dominant component of household portfolios. Despite rising wealth, household liquidity did not improve. About a quarter of households remains hand-to-mouth, suggesting that higher net worth does not automatically translate into stronger liquidity buffers. Although household indebtedness continued to grow, key debt burden indicators remained stable. The report also reviews developments in financial literacy, economic expectations, and attitudes toward fairness and redistribution.

Pages: 42 pages
Date: 2026-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://nbs.sk/dokument/57518ffd-9f6b-47b1-b9ec-c8 ... tiahnut/?force=false (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:svk:wpaper:1135

Access Statistics for this paper

More papers in Working and Discussion Papers from Research Department, National Bank of Slovakia Contact information at EDIRC.
Bibliographic data for series maintained by ().