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Optimism is rising but savings are shrinking, according to the Equilibrium Institute’s poverty survey

According to the November 2023 poll of the Equilibrium Institute on subjective poverty trends, it is becoming increasingly difficult to cover the usual household expenses compared to the beginning of autumn, but Hungarian society is noticeably more optimistic compared to the previous period. Compared to September 2023, around 400,000 more Hungarians expect an increase in income over the next three months, and 240,000 fewer would be worried about an unexpected expenditure of HUF 100,000 (€260). At the same time, it is important to see before winter sets in that 6 percent of our fellow citizens will not be able to keep their homes warm at all, and 29 percent will sometimes not be able to do so. Two-thirds of the population have some difficulty or more in meeting everyday household expenses.

Read the full report here.

Check our infograph here.