The majority of working young people expect a salary increase

By: Trademagazin Date: 2024. 11. 13. 11:32

Regarding the development of their own salary, the majority of working young people, 75 percent, expect a salary increase. Among them, only 21 percent expect a wage increase exceeding inflation, 54 percent expect a smaller increase, i.e. they may be in the red in real terms, according to the K&H youth index. However, it can also be seen from the long-term data that the proportion of young people optimistic about salary increases has gradually increased.

It is definitely good news that the majority of working young people – 75 percent – are optimistic, i.e. they expect their own salary to increase. It is even less so that only 21 percent expect that their salary will increase in excess of inflation, i.e. they will have a surplus in real terms. However, more than half of those affected – 54 percent – expect a salary increase that will fall short of inflation. And this means that their real wages would actually decrease. The results of the research and the official data show a halved vision of the future: according to the KSH data, in the first six months of this year, young people in their twenties recorded a real wage increase of almost 9 percent. The explanation for the contradiction is that while, according to official data, inflation was below 4 percent in the first half of the year, young people reported an average increase in prices of 18 percent in the second quarter survey.

The overall outlook is favorable, but the situation is less positive for young people – this is revealed by the K&H youth index, which among other things examined how much wage increase young people aged 19-29 expect to see.