Living at home with mum and dad
More than three out of four Spaniards under the age of 30 are still living at home with their parents, according to a new report.
According to the country’s Youth Council, the percentage is 77.7 per cent and its president, Héctor Saz has described emancipation as “a utopia”.
The situation has been attributed to the high unemployment rate amongst the young and their unabiity to finance a mortgage, even if they were lucky enough to get one in the first place.
The Council says that if a young person aged between 16 and 29 wanted to buy a house, it would cost them 61 per cent of their average wage. This is even higher in places like Álava, Barcelona, Baleares, Vizcaya, Guipúzcoa, Madrid and Ceuta where the cost exceeds 70 per cent of their salary.
The percentage of young people who opt to rent instead has increased since 2006 from 37.9 per cent to 46.3 per cent.
The Council is asking the Spanish Government to reverse its labour reforms introduced in 2012 and to give new rights to young people so they can afford to live in quality and decent conditions.