16 Jan, 2024 @ 14:02
1 min read

Spain’s stay-at-home generation: Just 16% of 16- to 30-year-olds in the country have managed to move out of their parents’ house

Squatter occupies flat on Spain's Costa Blanca and gets surprise visit from dead owner
Person opening front door

JUST 16% of young Spaniards aged between 16 and 30 years old have managed to move out of their parents’ home, compared to the European average of 32%. 

That’s according to the latest Emancipation Monitor report from the Spanish Youth Council, which details that this percentage works out as just seven million youngsters in that age range who have been able to move away from the family household. 

The figure represents a fall from the 19% that was recorded before the Covid-19 pandemic and resulting health crisis, and is a far cry from the 26% registered before the Great Recession hit in 2008, according to figures cited by Spanish daily El Pais

Squatter occupies flat on Spain's Costa Blanca and gets surprise visit from dead owner
Across Europe, 32% of young people aged 16 to 30 move out of the family home.

Among the factors that are causing this problem in Spain are high youth unemployment, which came in at nearly 28% for the under 25s according to the latest available data from the National Statistics Institute, as well as the high price of housing and rental accommodation. 

The data from the report shows that a young person earning the average net salary for their age of €1,005 a month would be short around €77 to cover rent and costs. In other words, 93% of their income would have to be spent on their accommodation. 

What’s more, a youngster in Spain would need to save the equivalent of four-and-a-half years’ salary to be able to buy their own property.

Read more:

Simon Hunter

Simon Hunter has been living in Madrid since the year 2000 and has worked as a journalist and translator practically since he arrived. For 16 years he was at the English Edition of Spanish daily EL PAÍS, editing the site from 2014 to 2022, and is currently one of the Spain reporters at The Times. He is also a voice actor, and can be heard telling passengers to "mind the gap" on Spain's AVLO high-speed trains.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

e cigarettes e
Previous Story

Spain’s government to crack down on electronic cigarettes and tobacco flavours, while new regulations for vaping are still being considered by Health Ministry

Next Story

How AI threatens up to 60% of jobs in Spain and other advanced economies, according to stark warning from the IMF

Latest from Economy

Go toTop

More From The Olive Press

Brits back on top: The UK is once again Spain’s biggest tourist market after beating off the French

BRITISH tourists have come roaring back to reclaim top spot

Top Casino Games in Spain: The Most Popular Picks of 2024

Our country’s love affair with casino games is no secret.