Online shopping and full-time jobs

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A large proportion of Hungarian young adults work full time, donate to civil organizations and put their families and health first, according to a recent study by Mastercard. The study, shared with MTI on Tuesday, investigated the financial habits and choices of young adults aged 18 to 24 in 11 different central and eastern European countries. While the Hungarian Gen Z has performed similarly to young people in other countries, there are some interesting differences.

The Mastercard study found that around 32% of those surveyed have full-time jobs, 19% have part-time jobs, and 30% depend on parental support. In Hungary, however, 40 percent of Hungarians surveyed replied that they had a full-time job, 16 percent had a part-time job and 22 percent said they were dependent on their parents.

What’s best in life for Gen Z: family, health, friends and love

The average monthly salary for young adults in Central and Eastern Europe is 450 euros (160,600 HUF), according to the study. Respondents consider it a priority to finish school and be financially independent from their parents, with the ability to provide for a family, home and vacation from time to time. The target salaries in the future are between 2,000 and 3,000 euros (713,700 HUF-1,070,560).

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51% of respondents agree that there are more precious things in life than money, the most important values ​​being:

  • Family (67 percent of respondents underlined this, Hungarian: 62 percent),
  • Health (60%, Hungarian: 50%),
  • Friends (45%, Hungarian: 49%),
  • And love life (43%, Hungarian: 43%).

Many young Hungarians worry about their future livelihoods

45% of those surveyed also said they donated to various civic organizations, while 34% said they did volunteer work. 40 percent of those polled said that the state of the Earth is their most common concern in the future.

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Perhaps the most interesting finding of the study is that while 52% of all CEEC respondents said they were most worried about their livelihoods in the future, this thought is particularly prevalent among young people. Hungarians, 61% of them consider it their greatest concern.

Generation Z from Central Europe is also very involved in the digital world. Respondents said they use social media all the time to stay informed and stay in touch. The most popular platform is YouTube, followed by Instagram and Facebook.

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Respondents also reported paying much more often with credit cards than with cash. Hungarians also match ECO statistics for online shopping, clothes (60%), groceries (45%) and cosmetics (41%).

Featured photo illustration by Márton Mónus / MTI


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