Hungary: retirement readiness index 2020

The retirement readiness index in Hungary was lower than the average. However, it showed a slight increase over the considered period of time. By 2020, the index increased to 5.3 points compared to 4.8 in 2012.

Retirement readiness index in Hungary from 2012 to 2020

Characteristic	Retirement readiness index
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Release date

September 2021

More information

Region

Hungary

Survey time period

2012 to 2020

Supplementary notes

Date of release is date of access.

The source adds the following information: The Aegon Retirement Readiness Index (ARRI) assesses and quantifies levels of retirement awareness and savings behavior using a score on a scale of 0-10. A high index score is considered to be between 8 and 10, a medium score between 6 and 7.9 out of 10, and, a low score being less than 6. The Index is built on six indicators: -Personal responsibility for income in retirement -Level of awareness of need to plan financially for retirement -Financial capability / understanding of financial matters regarding plans for retirement -Retirement planning – level of development of plans -Financial preparedness for retirement -Income replacement – level of projected income replacement

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