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
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Retirement readiness index
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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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Aegon. (September 7, 2021). Retirement readiness index in Hungary from 2012 to 2020 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1262093/hungary-retirement-readiness-index/
Aegon. "Retirement readiness index in Hungary from 2012 to 2020." Chart. September 7, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1262093/hungary-retirement-readiness-index/
Aegon. (2021). Retirement readiness index in Hungary from 2012 to 2020. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1262093/hungary-retirement-readiness-index/
Aegon. "Retirement Readiness Index in Hungary from 2012 to 2020." Statista, Statista Inc., 7 Sep 2021, https://www.statista.com/statistics/1262093/hungary-retirement-readiness-index/
Aegon, Retirement readiness index in Hungary from 2012 to 2020 Statista, https://www.statista.com/statistics/1262093/hungary-retirement-readiness-index/ (last visited August 24, 2024)
Retirement readiness index in Hungary from 2012 to 2020 [Graph], Aegon, September 7, 2021. [Online]. Available: https://www.statista.com/statistics/1262093/hungary-retirement-readiness-index/
