Young people living in the same household as their parents have become much more uncertain: 48% could not say when they would move out. This is much higher than 37% a year earlier. The rise in the number of undecideds can be linked to the worsening economic environment, rising inflation and rising living costs: for many young people, staying in their parents' home may be a safer backdrop in such an environment.
In addition, the research shows that a sixth of young people living with their parents, 16%, feel so comfortable that they have no plans to move.
More than half of young people living with their parents (54%) contribute to maintenance costs – up from 46% a year earlier, and only 35% in 2020. Those who now contribute spend 40,000 forints a month, the same as a year earlier.
According to the survey, young people living with their parents would like to move out at the age of 26 on average: the same age was 28 in 2018 and 25 in 2019, 2020 and 2021. Those who had already moved out actually left at a much younger an average age of 20.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
