Will our financial situation be better in 2025? Research has been conducted on what Hungarians think

By: Trademagazin Date: 2025. 01. 14. 13:28

The Hungarian population has mixed expectations about their financial situation this year. Nearly 40% expect to be in worse financial circumstances in 2025 compared to the previous year, while 20% expect their financial situation to be slightly better, and 10% expect their financial situation to be much better, expecting a significant improvement in their finances – according to a recent, representative research by Generali. Among the main plans of those surveyed is the reduction of unnecessary expenses: 35% would only spend on what they absolutely need, and every fourth respondent would be willing to take on a second job or change jobs in order to increase their income. The respondents are also certain that they would not save on housing in 2025.

The future vision of the Hungarian population when it comes to their financial situation remains rather pessimistic – according to the latest representative research by Generali Insurance[1]. 38% of the population aged 16-75 expect that 2025 will be worse for them than last year. In terms of financial expectations, 20% believe that their finances will be a little better, while 10% think that their finances will be a lot better than last year. Women and men are optimistic in almost equal proportions, but with age, pessimism has increased in both sexes, so older respondents see the future more gloomily. At the same time, a third of the research participants (32%) believe that the new year will not bring any financial changes.

Hungarians would spend more on health, less on foreign travel, and would not save on housing in 2025

The Generali research also addressed specifics on what the population plans to spend less on, the same amount or more on in 2025 than last year. Housing is a priority in the lives of those surveyed: 18% of respondents are spending more, 44% are spending the same amount on renovation, rent, equipment, etc., than last year. Perhaps somewhat surprisingly, Hungarians do not plan to save on their physical and mental health: only one in five people would like to spend less on this. Respondents are also planning to cut costs: they expect to spend less on domestic travel, investments, hobbies and entertainment this year. The largest proportion (48%) of Hungarians would tighten their belts on foreign trips.

Age also determines attitudes here: young people under 30 would spend more money this year on housing (28%), investments (25%) and education (24%), among other things. In contrast, a significant proportion of people over 60 would reduce their spending in several areas of life, except for healthcare, on which they would spend similarly to last year.