500+ funds spend mostly on education and food

Money obtained through the "500 +" program is spent mostly on kid's education, food and clothing, according to a study conducted by the Institute for Economic Growth at the Warsaw School of Economics. 42.6 percent of surveyed marked clothing and food, while 34.2 declared increased spending on pre-school and extracurricular activities of their children (32 percent). According to the authors, " the improvement of the economy as a whole leads to an improvement of the financial situation of particular households, which explains the relatively small share of households using extra funds coming from the program to finance their debt." Only 16 percent of households declared increasing their savings in long-term. "The data can lead to conclusions  of a probable demand effect on the transferred funds, while other financial options offered by the state ( such as bonds) may  find few willing to buy," the report concluded.