1/5 of Young People Have No Income

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A fifth of young people have no income, another 20% receive HUF 100,000-190,000, and 11% reported having more than HUF 300,000, according to the K&H Youth Index, writes hrportal.hu.

The picture is more nuanced when looking at the median values: half of young people receive less than HUF 87,000, while the rest have higher incomes.

Like the salaries of older adults, the revenue of young people is also increasing.

According to the financial institution's representative survey among 19-29-year-olds, in the last quarter of last year, the personal net income of those surveyed was HUF 143,000 on average.

This amount is essentially the same as HUF 142,000 measured in the previous quarter but exceeds the level measured in the last three months of 2021 by 16%.

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