Two-Thirds of Danish Parents Financially Support Adult Children

Two out of three Danish parents provide financial support to their adult children aged 18 to 29, according to a new YouGov survey commissioned by Nordea. The data shows that 87% of parents assist children between 18 and 20 years old, and 46% continue offering help to those aged 27 to 29. Notably, this support often continues even when adult children are living independently. Those living at home receive 1,903 Danish kroner per month, while those living independently get about 1,059 kroner monthly. The funds primarily cover mobile phone subscriptions, groceries, and insurance costs. Ida Marie Moesby, consumer economist at Nordea, expressed surprise at how widespread this trend is, especially among parents of children well into their late twenties. Moesby emphasized that this financial aid often reflects structural economic pressures rather than parental indulgence. High housing costs, particularly in major cities, and delayed moves from the family home contribute to prolonged dependency. She also noted that many parents have the financial flexibility to offer assistance but strongly recommends setting clear boundaries around the purpose and duration of support to encourage financial independence.