Two-thirds of young people are optimistic about 2023

63% of young people under the age of 30 look forward to the year 2023, according to a research by the Mária Kopp Institute for Demography and Families (KINCS). Nearly half of people expect positive changes from 2023, while a fifth are more pessimistic. Young people in their 20s, those raising small children, women and large families are more optimistic than average. 

A survey conducted by KINCS at the end of last year shows that almost half of Hungarians (45 percent) are confident about the new year. Young people under the age of 30 are the most optimistic about the future. Next to them, women, mothers receiving maternity/parental benefits and those raising three or more children are more confident than the average. There is a good reason for this, as in 2023 they will be helped by new family support measures: among others, the personal income tax exemption for mothers under 30, the student loan waiver in case of childbirth, the extended Baby Expecting Subsidy and the village CSOK.

Those surveyed expect the greatest improvement in the epidemic situation, nearly a third are confident that the war situation will improve, and one in five people expect the energy crises to ease. Six out of ten people is more pessimistic about the overall economic conditions, inflation and living standards caused by the sanctions of the EU, but interestingly, eight out of ten respondents are more optimistic about their personal lives. A third believe that their financial and living standards will improve by 2023, while roughly half expect unchanged circumstances in their own lives. They expect the greatest stability in family relationships and in their housing conditions. Most people believe that their happiness and overall mood in 2023 will be the same or better than it was in 2022.

Methodology: The nationwide representative survey was conducted by telephone interviewing 1000 people among the adult Hungarian population between November 30 and December 8, 2022.

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