Of the Visegrád Group countries, Hungary registered the highest score on Intrum's financial wellbeing barometer with 6.24 points. Slovakia scored 6.19, the Czech Republic 6.16 and Poland 5.54 points on the barometer, which factors in the ability to pay bills on time, credit freedom, saving for the future and financial literacy.

Hungary's relatively high score can be attributed primarily to the low volume of retail lending stock. Hungary had the highest level of credit freedom out of all European countries.

Károly Deszpot, director of sales and business development at Intrum, said more than three-quarters of Hungarian respondents said they had not taken out any loans over the past six months, factoring in maxed-out credit cards. The last couple of years saw an increase in the retail lending stock, mainly due to rising property prices and bigger mortgages, he said.

As regards the barometer's other pillars, almost 40 percent of the survey's Hungarian respondents said they had been late with bill payments on at least one occasion over the past six months.

Hungarians' ability to manage their savings is slightly below the European average, while the country is ranked 12th in financial literacy.

Germany registered the highest score (6.89) on the barometer, followed by Austria (6.77) and Sweden (6.72), with Greece registering the lowest (5.30).

Loading Conversation

"The Hippie Trail: After Europe, Turn Left" by Robert Louis Kreamer (published by Fonthill)

High times on the road to Kathmandu

From approximately the mid-1950s to the late 1970s, young Europeans seeking adventure took the…

Jokes about communism no laughing matter

Humour that made Soviets see red

Geschrieben von Alexander Stemp

Odessa, sister city of Szeged

Pearl with a cosmopolitan soul

Odessa is the top tourist destination of the Black Sea and the maritime capital of Ukraine. Thanks…