Average pension half the average salary

Telco

On Wednesday morning, the Central Statistical Office (KSH) published earnings figures for December last year, and the report also found that, in the last month of last year, net average earnings were twice the amount of the average pension, reports mfor.hu. 

According to KSH, the average net income without benefits was HUF 270,200 in December, while the average pension was slightly above HUF 135,000 in 2019.

While the latter is a constant amount over the year, which is always determined by the increase at the beginning of the year, wages change throughout the year, mfor.hu notes.

Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfa... MNB

Watchdog Fines UniCredit Bank Hungary for Regulatory Shortfa...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

Cordia’s Marina City Project Begins Residential

Cordia’s Marina City Project Begins

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.