Tuesday, May 6, 2014

Half of young Spaniards have no money coming in

Almost half of all Spaniards aged 16 to 29 receive neither a salary nor government benefits while only one in five can afford to fly the family coop, the startling results from a new study reveal.
A total of 47.5 percent of young Spaniards receive no formal income at all, the study by youth lobby group CJE shows.
Youth unemployment is currently 55 percent but the CJE study shows the situation is made even worse by the precarious nature of that employment.
With just 34 percent of people aged 16 to 29 in Spain actually working, more that half of people in this age group are on temporary contracts. Of those contracts, 46.4 percent are of less than 12 months duration.
Meanwhile, just over a quarter of working Spaniards aged 16 to 29 are doing so part-time, the CJE results based on the final quarter of 2014 reveal.
Source and full story: The Local (Spain), 5 May 2014

No comments:

Post a Comment