This is what the youngest customer group spends on

By: Trademagazin Date: 2024. 03. 26. 11:05

Two-thirds of the 14-18-year-olds receive an average of HUF 22,000 in pocket money per month. Girls spend more on clothes and gifts, boys spend more on online games and electronic gadgets. They can barely save.

If there was a parent-child reconciliation forum, the issue of raising pocket money would surely be put on the agenda as a matter of urgency. Of course, the question is whether the parents would be able to manage the larger pocket money. However, there is no doubt that sooner or later they would be forced to bow to the children’s arguments.

K&H was curious about how much money the young people manage, what kind of income and expenses they have. A representative survey of young people’s financial awareness launched by the Bank shows that almost all young people between the ages of 14 and 18 manage their money: nine out of ten young people have some kind of income. Two-thirds of them receive pocket money from their parents – HUF 22,000 per month on average. A fifth of the age group can count on a scholarship, the average value of which is HUF 29,000 per month. By definition, vocational school students, vocational high school students and university students receive the most money – although they probably also have the largest expenses. It’s not just about clothes or entertainment (not that that’s not important), they will spend half of their income on food.

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