Over half of young Bulgarians depend on parents' financial support

Analysis

Fifty-eight percent of young people in Bulgaria aged 25-29 take money from their parents, and 35% of university graduates live with their mother or father, the 'Annual Report on Youth 2019' show, according to a report by novinite.com.

The report quotes data of the country's statistics agency (NSI), Eurostat and other national and international surveys. Statistics show that only 23% of young people share a household with a live-in partner or spouse, and only 4% live alone. Young people remain dependent on material support from parents up to advanced age.

Sociologists note that the trend persists over the years and is confirmed in other studies. It is noteworthy that half of young people with personal income above BGN 1,000 (EUR 511) also receive material assistance from parents. On the one hand, this may be due to the folk psychology of Bulgarians who are sure that they should help their children until their advanced age, but on the other, it can be a signal of the inability of children to cope with life on their salaries alone. At the same time, 71% of youngsters are not married and 81% have no children. (source: Novinite.com)

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