The research concludes that grandparents' contributions don't just sustain and deepen familial relationships, "but are fundamentally linked to the economic systems of social services." Older Italians, defined here as over 54, contribute every year around â¿¬18.3 billion ($24.5 billion) to the Italian economy, or 1.2 percent of GDP, according to IRES. That sum amounts to roughly what Italy's economy has grown annually for the last two decades."It is reasonable for 35-year-olds to be living with their parents, and whole families may be relying on a grandfather's pension. One or two incomes may support four or five people, and it is not considered dysfunctional," said Raj Badiani, an IHS Global Insight analyst.
Italian Traditions Provide Buffers To The Crisis
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