Deep depression: No country is more pessimistic than Hungary right now
Hungarians currently appear to be the most pessimistic nation in the world, according to the GWI global consumer attitudes survey presented by Publicis at a press event on 14 April. The data show that 72 percent of Hungarians think the country’s economic situation will get worse in the next 6 months. 44 percent think their own economic situation will also get worse.
“It’s clear that Hungarians are very pessimistic in the world,” said Helga Major, Head of Strategy at Publicis Group, while presenting GWI’s global consumer attitudes data, Pénzcentrum reports. In fact, the data shows that 72 percent of Hungarians believe the country’s economic situation will get worse in the next 6 months, and 44 percent believe their own economic situation will get worse as well.
Both rates are the highest of the 52 countries surveyed. The situation in Europe was also presented at the press event also attended by Pénzcentrum. On average, 51 percent of people on the continent thought their country’s economic situation would worsen, while only 29 percent thought their own would get worse.
In comparison, the Hungarian average of 72 and 44 percent is much higher.
At the press event, Dr. Ágnes Neulinger, a behavioural scientist at the University of Pécs, said that she was not surprised by these blatant data. After all, apart from the fact that the current economic situation is bad, Hungarian pessimism can be linked to the values of the people living here. The researcher said that most Hungarians suffer from trust issues, which are coupled with high individualism and low solidarity.
The high level of pessimism is somewhat offset by the fact that the domestic 16-26 year old generation Z is still highly optimistic about their own finances. 34 percent of them is holding a positive view, which may be partly due to age, Pénzcentrum reports. In comparison, however, the financial awareness of Hungarians is one of the lowest in the EU. We are less likely to use our mobile phones to track and plan our finances and spending, with 33 percent of us, where our neighbours are stronger (Czechs: 50 percent, Poles: 39 percent).
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3 Comments
Hungarians had an election over a year ago in which they voted by an overwhelming majority for the government that now gives them the economic situation that they experience. Why should they be so pessimistic when they have the government that they apparently wanted? It does not seem that this is a nation of particularly bright people.
I’m just one of those, who could imagine what the present government was REALLY selling us in it’s campaign leading up to the elections, and just one of those who did not vote Fidesz. I’m just one of those who is pessimistic, and increasingly more so – with good reason.
I really fear for the future of my country, and the direction we are heading. There were many like me in Germany when AH was rising in power. …In both cases (Hungary and Germany), the majority got who they voted for.
When we- have a Prime Minister the likes of Victor Orban and his Government – that have been CONTINUOS in the DESTRUCTION of the brand and Proud Historical name of Hungary – the LOSS of Friendships with country’s especially all Democratic Governed country’s – the RAMIFICATIONS from the Orban ways – they have CAUSED the MASSIVE disgrace and embarrassment factually to Hungary.
These are just FEW reasons that are somewhat, the catalyst of our GLUM outlook on present and into the FUTURE of Hungary.
– State of the Economy – do we continue to trend to-wards Financial ruination an INSOLVENT Government ?
Inflation ?
– Russia’s War on the Ukraine.
– European Union – to be or not to be ?
– NATO – to be or not to be ?
Orban has MOVED dramatically Hungary from core componentry of DEMOCRACY to-wards those of the ONLY (2) two country’s of FRIENDS he and his Government have or THINK they HAVE being – Russia and China.
Hungarians from whatever “Station in Life” we live, this is MASSIVELY being EXPLODED in our faces – in our LIVES daily.
The cataclysmic MESS of Education in Hungary – throw that RIGHT in to DEPRESS anybody who understands the NEED of Education.
The ABUSE of Educators – the entire EDUCATION system by Orban and his Government – this alone must cause a position of nervous anxiety, depression or of a pessimistic outlook – for Hungarians.
Its just ALL fatalistic.
REMEMBER;
“When the YOKE is Broken,
the BURDEN is REMOVED.”