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HATC SAMPLE EDITION:
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22nd March, 2024
Richest 1% have the same wealth as the poorest 90%
The richest 1% of Hungary’s population has about one-third of the wealth in the country, the same as the poorest 90%, according to data from Blochamps Capital.
Those in the top 2-10% also have about one-third of the wealth.
More precisely, the 1% have 33.46% of the wealth, the top 2-10% have 33.8%, and the remaining 90% have 32.74%.
The MNB recently reported that the total assets held by Hungarian households amount to Ft 96.4 trillion.
The proportion of wealth held by the richest 1% is similar in all of Central Europe.
Hungary’s data regarding the top 10% is closer to the Russian situation than to the Central European picture.
The 1% have concentrated a greater percentage of the national wealth in their hands since 2010. At that time, the richest 1% had 24% of the total wealth, the top 2-10% had 35% and the remaining 90% had 41%.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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