Template-Type: ReDIF-Article 1.0
Author-Name: Anna Boldizsár
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: boldizsara@mnb.h

Author-Name: Zsuzsa Kékesi
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: kekesizs@mnb.hu
Author-Person: pkk10

Author-Name: Balázs Kóczián
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: koczianb@mnb.hu

Author-Name: Balázs Sisak
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: sisakb@mnb.hu

Title: The Wealth Position of Hungarian Households
based on HFCS

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.

Classification-JEL: D14, D31, E21
Keywords: income, real wealth, financial wealth, loan, savings, financial assets,
households
Journal: Financial and Economic Review  
Pages: 115–150
Volume: 15
Issue: 4
Year: 2016
File-URL: http://english.hitelintezetiszemle.hu/letoltes/anna-boldizsar-zsuzsa-kekesi-balazs-koczian-balazs-sisak.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:15:y:2016:i:4:p:115-150