Do Hungarians spend all their extra money as soon as they get it?

According to hvg.hu, statistics show that this year Hungarians made – and spent more money. But life is not always orientated by numbers.

A bus driver working in a Hungarian town told us that he makes exactly 40 forints more now than last year. He explains: in their company, cafeteria counts now as part of the payment, so the amount of money that is referred to his account did not change. Therefore he is not planning on a bigger Christmas shopping than last year. A pedagogue claimed that she and her husband’s wage overall increased by 20,000 HUF compared to last year. She said it is not a significant change for them because they have three children.

The teacher and the bus driver did not spend much money before the holidays because of the reasons they have explained, but taking into consideration the data of the Central Statistics Office, Hungarian salaries increased significantly compared to last year or even last months.

All in all, net wages are 12.8% higher than this time last year, so, considering also inflation, we can spend 10.4% more this year, than this time last year.

There is a little time left until Christmas, but experts claimed in the middle of November that retail exchange turnover in December can reach 1050 billion HUF. The exchange of manufactured goods increased by 9.7%. The consumption of alimentary goods increases more slowly, by 1.5% compared to last October. The most popular products are mobile phones, but more semi-durable goods and clothes are sold, too. There is now a social group that, after having paid their bills, spend more freely on other goods.