• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Financial Dependence Among Young Adults: Insights from the Friedrich Ebert Foundation Study

by Mariam Gorkhelashvili
September 26, 2023
in Business & Economy, Magazine
Reading Time: 1 min read
Financial Dependence Among Young Adults: Insights from the Friedrich Ebert Foundation Study

A recent study conducted by the Friedrich Ebert Foundation (FES) has shed light on the financial dependence prevalent among young adults. According to the findings, a significant 65% of young individuals admit to relying on others for their financial well-being.

Specifically, a noteworthy 46% of young people feel that they have been entirely “They are dependent on their parents” even though only 12% receive financial assistance from their parents or relatives. An additional 12% of respondents claim full financial reliance on their partners, while 10% depend on state aid for their financial support.

Surprisingly, a mere 38% of those surveyed report having independent sources of income, which may include salaries, loans, grants, or income from property rentals. The study also underlines how financial independence varies based on gender, location, and age. For instance, young men aged 25-29, especially those with higher education living in Tbilisi, are more likely to have their income compared to women aged 24 who reside outside Tbilisi and possess only a secondary education.

One intriguing aspect highlighted by the study is the prevalence of financial dependence among different age groups. Notably, a majority of respondents under the age of 18 are reliant on someone else for their financial needs. This trend continues, with 2/3 of individuals aged 18-24 experiencing financial dependency, and almost half of those aged 25 and older also relying on others for financial support.

By Mariam Gorkhelashvili

Tags: financial dependenceFriedrich Ebert Foundation StudyYoung adults
ShareShareTweet

Related Posts

ZEG Festival participants. Photo by the author
Business & Economy

Reflections on the ZEG Festival

July 3, 2025
A technical training for hazelnut producers. Source: FAO
Business & Economy

How Georgia’s Hazelnut Sector Is Growing Toward a Sustainable, High-Quality Future

July 3, 2025
Georgia to nationalize psychotropic drug imports and OST services
Business & Economy

Georgia to nationalize psychotropic drug imports and OST services

July 1, 2025

Recommended

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

Putin, Xi, and allied leaders mark Russia’s Victory Day at Moscow parade

2 months ago
Experience Seamless Connectivity with Silknet eSIM in Georgia

Experience Seamless Connectivity with Silknet eSIM in Georgia

1 year ago
Champion Karateka Luka Khvedeliani on the Benefits of Georgian Karate for Georgia’s Youth

Georgia to Celebrate First Europe Day with European Union Candidate Status

1 year ago
Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

Georgian Foreign Minister Holds Farewell Meeting with French Ambassador to Georgia

3 years ago
Natia Mezvrishvili on Dealing with 2 Political Giants

Natia Mezvrishvili on Dealing with 2 Political Giants

3 years ago
Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

Giorgi Gakharia: We were Told We Were Capable of Nothing – It’s All a Lie and Ukraine is a Great Example of This

3 years ago
GT Interview with Giorgi Badridze

GT Interview with Giorgi Badridze

3 years ago
Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

Russo-Ukrainian War and Georgia – Analysis from security expert Kakha Kemoklidze

3 years ago

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

Speaker: OSCE SG’s statement ends Brussels’ attempts to undermine Georgian democracy

OSCE PA urges Syria to withdraw recognition of “independence” of Georgia’s Abkhazia, Tskhinvali regions

OP-ED: Good Things Are Happening in Our Neighborhood. On Azerbaijan–Russia–Armenia

Israel-Iran Latest: Tensions Escalate as Iran Suspends IAEA Cooperation Following US and Israeli Strikes

Ukraine Latest: US Halts Aid as Russia Escalates Attacks, North Korea Deepens Involvement

OSCE PA: October 26 elections marred by irregularities – Calls for dialogue, release of political prisoners, and new vote

Trending

Experience Seamless Connectivity with Silknet eSIM in Georgia
Business & Economy

Experience Seamless Connectivity with Silknet eSIM in Georgia

by Georgia Today
June 26, 2024

Why Silknet's eSIM could be your top choice in Georgia  Since its introduction, eSIM technology has become...

Photo by the author

Virtuosity and Versatility: Marc-André Hamelin Opens Tbilisi Piano Festival 2024

May 30, 2024
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2024 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2024 © Georgia Today