Yes to cradle-to-grave welfare with state and family contributions

The 2027 budget plan includes a state contribution of 100 euros annually for newborns, aimed at creating a non-taxable savings fund until age 18. This initiative allows for additional voluntary contributions from relatives, which can significantly increase the final amount available for the child. By investing 100 euros yearly, the total could reach between 1,981 and 2,412 euros by age 18, depending on returns. If relatives contribute 400 euros annually, the amount could grow to over 12,000 euros. These funds can later be transferred to a pension scheme, potentially growing to nearly 400,000 euros by retirement age, emphasizing the importance of early savings habits.