More young people expect higher salaries

By: Trademagazin Date: 2024. 05. 16. 10:42

The overwhelming majority are young people who expect their salary to increase during the year: 74 percent of working 19-29 year olds expect a salary increase this year according to the first quarter K&H youth index, which is one of the highest rates in the last more than ten years. In addition, the proportion of those who calculate with unchanged earnings in the next year is 22 percent, and the proportion of pessimists is negligible.

Salaries are on the rise in Hungary. In February, the amount of net average earnings calculated without discounts was HUF 403,000, which was 14 percent higher than a year earlier.

Real wages, which include the effect of inflation and which basically determine the purchasing power of the population, showed a 10.4 percent increase in January and a 9.9 percent increase in February compared to the same month of the previous year. This is a turning point, since last year the real wage index was in the negative range, i.e. inflation exceeded the wage increase.