Young Hungarian adults won’t move from parents’ homes
Less than one-fourth of young Hungarian adults think it’s a priority to move out of their parents’ home, a survey conducted by K&H Bank shows. About 61% of Hungarians between the ages of 19 and 29 live with their parents, according to the representative survey of city dwellers.
About 40% of those who want to have their own home see renting as the most probable option. The same percentage believes buying the best possibility. Just 12% of the young adults surveyed plan to buy a home in the coming three years.
Only a minority of the young adults have savings, but those who do had an average of HUF 698,000 (roughly €2,300). The amount was higher in Budapest, around HUF 1.4 million, and lower in smaller cities, about HUF 375,000.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.