Half of Hungarian young adults think they will make a better living than their parents

Results of a recent study (2017) examining the financial habits of young adults in the EU suggest that they are confident, optimistic, and they find saving money every month quite important, Forbes.hu reports based on a study by Intrum.

The Európai Fogyasztói Fizetési Jelentés [European Consumer Payment Report] of Intrum examined the financial habits of young adults (aged 18-24).

24,401 people (1006 Hungarians) from 24 EU states took part in the study conducted at the end of 2017.

Main findings

4 out of 10 Hungarian respondents think that they will make a better living than their parents.

Overall confidence is characteristic of the youngest generation which is apparent from their attitude towards their finances. The youngest generation also seems to be the most optimistic one when it comes to their financial situation in the future.

Half of them (47%) also think that their financial situation will improve in the future, which makes them the most optimistic age group of the Hungarian society.

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Hungarian young adults also seem to work for these future goals, as more and more students are working part-time, or during the holidays.

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