Thought of the Day

Hungary’s Demographic Headache


 
23 March 2025
 
The size of Hungary’s workforce has been dwindling over recent years, like in many EU countries, due to its fertility rate being sub-replacement for many decades [subscriber only: The EU Faces Serious Depopulation, Starting Now]. As retirees live increasingly longer, and there are fewer working-age taxpayers to support them, a generational tax burden is emerging.

Number of Workers to each Dependent (65+) in Hungary
The working-age population represents those aged 15 to 64. Period: 1950-2050.
Hungary’s Demographic Headache
Hungary’s Demographic Headache


The 65+ age cohort costs Governments more in terms of pensions, and medical and care costs, than any other age group [subscriber only: ‘The Alarming Cost of Aging Demographics’]. In 2023, half of Hungary’s expenditure on social protection went towards the category of ‘old age and survivors’ – mainly constituted by expensive pensions. This generational cost burden is therefore rising at an unsustainable rate.

More for subscribers:  
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