13 percent of young people have no income, 11 percent receive more than HUF 400,000

The average net personal income of young Hungarians in their twenties jumped a lot in the first quarter of 2023 compared to the first three months of 2022: it amounted to almost 28 percent on average, i.e. HUF 182,000, which represents an annual increase of HUF 40,000, according to the K&H youth index survey. At the same time, more than 13 percent of the 19-29-year-olds have no income, while 11 percent can manage with more than HUF 400,000.

After the fluctuation of the last three years, the personal net monthly income of young Hungarians between the ages of 19 and 29 has risen sharply, which includes salary for working young people, all allowances, benefits, scholarships for non-working young people, as well as any support received from parents, it is revealed. out of the K&H youth index series of surveys that have been regularly prepared for years. Before the coronavirus epidemic, the net personal income of the examined age group was HUF 131,000 in the first quarter of 2020. This was followed by a slow decline during the pandemic, so that the average net personal income of people in their twenties fell to HUF 123,000 in the first three months of 2021. A year later, the situation was even better than the 2020 data, the net personal income of the age group rose to HUF 141,000. However, this year brought the really big jump: in the first quarter of 2023, this amount increased to HUF 182,000, which corresponds to an annual increase of HUF 40,000 or more than 28 percent.