Survey: HUF 255,000 provides ‘modest living’ for family of four
A typical family of four in Hungary needed HUF 255,246 a month last year for a “decent, modest” living, research company Policy Agenda said yesterday based on their own survey, carried out using the methodology of Hungaryʼs Central Statistics Office (KSH), Hungarian news agency MTI reported.
Pál Belyó, research head of Policy Agenda and the former head of KSH said that a person living alone needed HUF 88,016 a month to achieve the same living standard, 0.8% more than in 2014.
On average, a Hungarian household needed HUF 173,000 a month to reach the so-called “subsistence minimum”.
Purchasing foodstuffs accounted for around 30.8% of monthly household expenditures, housing costs for 22.8%, transportation costs for 9%, healthcare for 5%, entertainment for 5.3% and clothing purchases for 3.6%.
Policy Agenda estimated that the monthly income of around 41% of Hungarians was below the subsistence minimum in 2015.
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