Young Czechs want to save money and trust banks. However, they often do not believe they will be able to afford their own living

Prague, 26 May 2026 – 48% of young people aged 16 to 30 consider their current financial situation to be good. At the same time, more than half expect their financial situation to improve within the next six months, while as many as 78% of young respondents are optimistic about their financial prospects over a ten-year horizon. These findings are based on a survey conducted for the Financial Market Guarantee System by the agency IPSOS. “Young people under the age of 30 show a higher degree of optimism regarding their financial situation compared to older individuals. However, this optimism generally declines with age, mainly depending on the stage of life a person is in. For example, individuals with one or more children tend to assess their financial situation more pessimistically than those without children,” says Miloslav Drábik from IPSOS.

The research also shows that young people actively monitor their finances — 64% check their spending at least once a week, and 83% feel they have their finances under control. Most commonly, they regularly review their bank statements or use financial management apps.

“The data confirm that the younger generation is actively interested in personal finance and strives to keep it under control. Thanks to today’s technological possibilities, people have a much clearer overview of their income and expenses and can manage their finances more effectively. At the same time, an active interest in one’s own finances and regular monitoring of personal budgeting represent one of the basic prerequisites for financial literacy and long-term financial stability,” says Renáta Kadlecová, Managing Director of the Financial Market Guarantee System.

They postpone major life decisions because of financial reasons

Despite their relative optimism, the younger generation is highly sensitive to the issue of housing affordability. A total of 89% of young people believe that acquiring their own home today is more difficult than it was for their parents’ generation, and more than one-third of respondents fear they may never be able to afford their own housing.

At the same time, young people remain financially cautious — 84% prefer to avoid debt whenever possible, even though they acknowledge that achieving home ownership today is very difficult without taking on debt.

“The data show that young people are optimistic. However, they are confronted very early on with what the majority of society considers the number one financial goal — home ownership. Without family support, this goal is unattainable for most people. And it is precisely this feeling — that even when I try, it is still not enough — that represents the greatest threat to young people’s long-term financial motivation,” says Maria Šimůnková, Director of Nekrachni.

Young people trust banks and deposit insurance

The research also confirms young people’s strong trust in the traditional banking sector. A total of 74% of young respondents trust banks, and 84% consider savings or term deposit accounts to be a safe place to keep their money. By contrast, only one-fifth of young people perceive cryptocurrencies as a safe way to store financial assets.

Deposit insurance also plays an important role in young people’s sense of financial security. A total of 72% of young people said they feel more at ease knowing that their money is protected by deposit insurance in the event of a bank failure. The same proportion of respondents also believe that their money would be returned to them if their bank collapsed. At the same time, however, the research showed that some young people still do not fully understand how deposit protection works — 38% of respondents believe that, in the event of a bank failure, they would recover only part of their deposited funds.

“The results show that the younger generation trusts the banking system and perceives deposit insurance as an important element of financial stability. At the same time, however, we can see that there is still room for better awareness of how deposit protection works in practice,” concludes Renáta Kadlecová.

Assessment of Personal Financial Situation

48% of young people consider their current financial situation to be good
52% expect their financial situation to improve within the next 6 months
78% believe they will be financially better off in 10 years

Trust in Banks and Deposit Insurance

74% of young people trust banks
84% consider a savings or term deposit account to be a safe place for their money
72% believe they would get their money back if a bank failed
72% feel reassured knowing their finances are insured against bank failure
38% believe they would recover only part of their deposited money in the event of a bank collapse

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