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HATC SAMPLE EDITION:
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6th November, 2025
Wealth gap widens as savings grow among richest
Wealth concentration in Hungary is unusually high, as the richest 10% of the population owns 72% of the financial wealth of Hungarian households, compared with under 70% in Slovakia and around 60% in Germany, according to a study by the MNB.
The bottom half of Hungarians, by contrast, own barely 5% of financial assets, while the figure is 12% in Slovakia and 8% in Austria.
Analysts at Blochamps Capital have long warned that headlines about rising household savings may present a distorted picture, as most of the growth accrues to a narrow elite.
The country’s 100 richest individuals ~ a mere 0.001% of the population – now control over 13% of household financial assets, up from 2.5% in 2005.
Blochamps forecasts suggest that the concentration of wealth in fewer and fewer hands will increase: in 2025-28, the wealth of the richest private banking clients is expected to rise by 65%, while the net worth of the affluent “premium” segment could grow by 50%.
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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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