Young people in Spain can be paid €250 per month to persuade them to stop living with their parents.
The government unveiled a plan to help motivate under-35s to go to their homes amid concerns over rising youth unemployment rates.
Currently, the average age for a young adult to move out of their parents’ home is 30, which is partly attributed to the effects of the 2008 financial crash.
The average age for youth to stop living with a parent in the EU is 26 and in the UK is 24.6, according to Eurostat.
If the plans proposed by President Pedro Sánchez are passed, children aged 18 to 35 who earn less than €23,725 (£21,200) a year can claim a €250 (£213) monthly “youth voucher”. will be able to do.
Mr Sanchez said the bonus would help give youth “access to decent rental housing”.
“We are talking about a fair economic recovery and that means facilitating access to housing, especially for those most vulnerable to uncertainty, such as our young people,” he said at the United Nations Human Settlement. Said in the program program.
The new proposals coincide with a rise in the youth unemployment rate, a shrinking rental market and rising rents in Spain, according to quartz.
The unemployment rate for youth in Spain has risen during the coronavirus pandemic and is currently the highest in the European Union at 38 percent.
The low rental supply and high demand, coupled with the fact that most of the Spanish population own their own homes, have left rental prices unaffordable for many young people.
Back in the UK, there was a major drop in employment levels for young people aged 16 to 24 at the start of the pandemic.
The number of unemployed youth later returned to pre-pandemic levels, but has since begun to fall again.
Credit: www.independent.co.uk /