K&H: wallets don’t move

By: Trademagazin Date: 2024. 04. 12. 11:37

After the growth typical of previous years, there is a stagnation in the income of young people, according to the K&H youth index. In the first quarter of this year, 19-29-year-olds reported an average net personal income of HUF 190,000. The net income of young people rose above the level of 180,000 a year ago and has remained roughly at this level since then. There is a significant difference between the sexes: the average personal income of men was HUF 220,000, while that of women was only HUF 156,000.

After a long series, the financial situation of young people has changed, as far as their personal income is concerned. Every quarter since 2012, the K&H youth index shows how the personal income of members of the 19-29 age group develops. According to the latest survey, the average personal income of young people in the first quarter of 2024 was HUF 190,000. This amount, like the values of the last four quarters, is among the highest in the history of the research, but at the same time it is very similar to the values measured in the previous three quarters, i.e. the growth has stopped for the time being.

In the longer term, a stable average net income of around HUF 75,000 between 2012 and 2016 was typical, followed by a gradual increase until the end of 2022. But after the huge jump at that time, in the quarterly measurements of the past one year, the average net income of young people always just barely touched the psychological limit of HUF 200,000.