Survey: HUF 255,000 provides ‘modest living’ for family of four
pixabay
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.
ADVERTISEMENT
Financial Companies' Profits Fall 6% in Q1-Q3
Gov't Keeps Rate on General-purpose Student Loans at 7.99%
Hungarian Companies Participate in EU Cloud Computing Projec...
Budapest Police Seize Nearly 155 kg of Cocaine in Drug Bust
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.
