K&H: Young employees expect higher expenses
Young employees need to spend increasingly more on everyday expenses, a survey conducted by K&H Bank shows. Most of them expect costs to grow further.
Roughly one-third of employees aged 19-29 responded that their expenses have grown in 2017, compared to one year before. In the case of food, 41% of the respondents said they had to pay more, 31% said the same for clothes and 27% for technology products. A further 35% said they could afford to spending more on entertainment, K&H said, as cited by business portal hvg.hu.
Most of the respondents (40%) said this year they will spend more on clothing and 39% plan to increases spending on holidays. As for savings, less than 30% were able to save more money than one year before. A further 19% could save less than one year before and 23% said they were unable to save at all. Slightly more than one-third, 38% could increase their savings last year, K&H says.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.