Hungarian women explain how much money you need to live well in Hungary

A new report was published recently about the living standards in Hungary: what is the minimal amount of money that you need to make a decent living in Hungary, and how much you would need to live well, according to your tastes. However, this time, the researchers relied on women’s opinion – reports penzcentrum.hu. 

Policy Agenda is responsible for reporting on the living wage since 2015. In that year, 41 percent of the Hungarian population managed with less the defined 285 euro living wage, which meant that a family of four had 825 euros per month. Last year the percentage of Hungarians managing with less than the living wage decreased to 36 percent. Thus, if a family of four consists of two working adults and two children, they had to manage with 830 euros, and even though the minimum wage was roughly 240 euros in 2016, and 275 in 2017, the family would still not earn above the living wage.

Researchers at Szent István Egyetem Gödöllő have conducted a survey on what Hungarian women think would be the minimum amount of money a family would have to earn to barely make a living, to make an average, decent living, and lastly, to live well, within the confinements of reality.

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The survey examined how much these amounts vary according to age, income, identity, residence, the size of the family. These are the major findings:

• With age, expectations towards the living standard grow, however, the closer people get to retirement, these expectations lower
• Those residing in the capital believe that more money is needed to barely make a living and to live well, than those living in the countryside
• Women with stronger sense of female identity think that less money is needed to barely make a living and to live well, than those whose identity is not primarily defined by their gender
• The more people are in the household, the less money is believed to be needed for one person to live well or to barely make a living.

Another finding of the survey is that single people believe that a household like theirs could barely make a living out of 405 euros. Someone who lives in a household of four said that they need 175 euros per person to sustain their household, so that the whole family would need 698 euros. To live quite well, singles believe that they’d need 1,560 euros, while a representative of a household of four answered that 485 euros would be needed per person. Concluding this, when it comes to barely making a living, the amount of money singles believe they would need is double the amount per person in a family of four. This amount is triple, however, when talking about making a good living.