Over Half of Bulgarians Aged 18+ Rely on Financial Help from Parents - Survey

Finance | February 10, 2016, Wednesday // 19:29|  views

Fifty-three percent of Bulgarians older than 18 years rely on financial support from their parents – a higher percentage compared with Poland, the Czech Republic and Slovakia, a new survey has shown.

For Poland, the percentage is 31%, 33% for the Czech Republic and 42% for Slovakia, according to a survey conducted by companies of Profi Credit group in the four countries.

Separately, about 20% of Bulgarians older than 18 years receive financial support from their grandparents. Bulgarians usually rely on this kind of support until they rach the age of 22 years.

Thirteen percent of adult Bulgarians live with their parents, Profi Credit Bulgaria said in a statement wrapping up the results of the survey.

At the same time, 28% of Bulgarians provide direct financial support to their aging parents, which is the highest percentage among the four countries. The average sum of this kind of support in Bulgaria is BGN 152 (EUR 78).

The statement didn’t elaborate whether the sum is paid over a month or a year.

In the Czech Republic, 12% of people regularly give money to their parents, 16% in Slovakia and 23% in Poland, according to the survey. In Poland, the average sum is EUR 174, the highest among the four countries.

The study was conducted by market research agency IPSOS in July 2015 among 4,000 people aged between 18 and 65 years and living in the four countries.

Profi Credit Bulgaria is part of The Netherlands-based international finance group Profireal operating in the markets of Central and Eastern Europe.

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Tags: Bulgaria, Profi Credit, profireal, Poland, Czech Republic, Slovakia, financial


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