How Conscious are the Youngsters Financially according to a Questionnaire Research

A great number of criticism has been made about the Hungarian population’s financial culture and its financial knowledge. The main reason of the incredible indebtedness of households is the lack of financial knowledge, according to several studies, researches and papers. 18-year-olds form a legal entity, they are creditable, they may get into debt limitlessly, and they can allocate their savings where they want to. But what are the main considerations when they choose a credit or a saving construction? What kind of information do they use for their financial decisions? The first aim of the present study is to present the background of the financial decisions of young generations, the circumstances of the compilation of the necessary information, based on the results of a questionnaire research. The second aim of the paper is to reveal the inner context of their decisions with the help of mathematical and statistical methods.