Hungarian income inequality matches Poland
Statistics published by Eurostat show serious income inequality, and the figures indicate that the gap between the richest and the poorest in Hungary has widened further in recent years, reports piacesprofit.hu.
One common measure of inequality is the so-called S80-S20 statistic, which shows how much the average income of the richest 20% of the population exceeds that of the poorest 20%.
Eurostat figures for Hungary are not very promising in this respect, as the gap has widened significantly between the years of 2009 and 2018, meaning that the rich are getting rich faster than the poorest could hope to catch up.
This statistic is also high when compared to other Visegrad Four countries, as Hungary has caught up with Poland, which has been leading in major income disparities recently, and in contrast to other countries, there is a clear upward trend in Hungary.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
