Nearly 60 percent of Polish parents aged 50+ support their adult children and grandkids financially, a new study shows. The Millward Brown survey, released by daily Rzeczpospolita, reveals that the average amount handed over by such parents to their progeny stands at PLN 207 (nearly EUR 50) a month.
Also, more than two in five Poles aged 50 or over still have children or grandchildren living with them under the same roof.
Young Poles simply can’t afford to cut the cord, says Adam Łącki, the head of the National Debt Register (KRD). Often “they are unable to buy their own homes as they don’t qualify for a loan,” Łącki says.
“Young Poles have a hard time finding work, and when they finally get it, it’s usually on so-called ‘junk contracts’ (short-term employment contracts),” says another expert, Łukasz Arendt, head of the Institute of Labour and Social Studies (IPiSS).
The trend is also linked to the fact that Poland’s young adults delay the decision to set up a family, analysts say.
The Central Statistical Office (GUS) shows that back in the 1990s, Poles used to tie the knot on average aged between 20 and 24. The age bracket has since shifted to between 25 and 29. Also, the average childbearing age has moved from 23 in the 1990s to 27 at present.