- One-quarter of Russian parents would invest birth subsidies in crypto like Bitcoin, matching interest in stocks and bonds at 26% each.
- Only 19% know approved spending rules for Russia’s maternity capital; most want cars or emergency funds instead.
A recent poll shows many Russian families would invest state birth subsidies, with crypto money among preferred choices. About one-quarter of parents surveyed expressed interest in using the funds for cryptocurrencies like Bitcoin.
The study focused on Russia’s “Maternity Capital” program
This federal subsidy aims to encourage families to have children. Launched in 2007, it provides financial help after the birth or adoption of a second or later child. Since 2020, it also applies to first-born children. This year, the amount exceeds 690,000 rubles (around $8,800) for a first child.
Parents receive a certificate, not direct cash. They can use it for specific purposes. Approved uses include home improvements, mortgage down payments, or adding to retirement savings.
However, the poll found widespread uncertainty. Only one-fifth of parents knew the exact list of allowed spending. More than half could name only a few approved uses. Over a quarter did not understand the question. Women showed less awareness than men about the spending rules.
When asked about desired uses, 32% of respondents chose buying a car. Other frequent answers included creating a fund for unexpected costs (28%) and paying medical bills (22%). Home cosmetic repairs (21%) and professional training courses (20%) were also mentioned.
Furthermore, the survey revealed investment interest. Two-thirds of families want to invest the subsidy money. Among investment options, stocks received 30% interest, bonds 26%, and crypto money 26%. This indicates some parents are open to assets carrying higher risk.
Control over the funds is another point. Thirty-eight percent of those polled believe parents should decide how the subsidy is used. Men supported this view more strongly than women. Forty-five percent would let their children manage the money later, often specifying a minimum age.
Using the subsidy comes with restrictions
Purchasing a home requires allocating a share to every family member. Selling such a property later needs special government permission confirming the child’s living situation improves. Experts note this complicates real estate transactions.
