The emancipation of Spanish youth: employment and housing
According to this study, only 22.1% of those under age 30 has achieved emancipation in our country, ie, almost 80% still live with their parents, which highlights the fragile situation of the youngest in the labor market and the harsh conditions of the housing market that, currently, are inaccessible to the purchasing power of most young people.
Starting employment, we find that the unemployment rate for people under 25 years exceeds 55.5%.; to people between 25 and 29 years, reaching 30% and between 30 and 34 years, almost 24%. Another revealing fact of the situation faced by young people is that only 37.1% of employed persons under 30 years has worked more than three years in the current company. Moreover, according to data recorded in the Servicio de Empleo Público Estatal (SEPE), during the second quarter of 2014, the 93.2% of new labor contracts signed with people between 16 and 29 years were temporary contracts, bringing the rate of temporary employment in 51.5%. The part-time employment has also gained ground over the last year, reaching 28.3% of young people. The groups most affected by this Kind of occupation are people aged 16 to 24 and young women. The overqualification has also become a feature of the salaried young population: 54.8% of young workers do work that requires a lower level of qualification that has.
Regarding to the access to housing for young people, the data are equally alarming: a young person should spend 61.2% of their salary to buy a home, should earn a 104.09% more than the average wage for young and can only afford housing with a maximum area of 49 square meters.
With this information, the president of the Spanish Youth Council, Hector Saz, has claimed that "the reality of much of the young people in our country does not suggest we are really out of the crisis. To the young people of our country, emancipation is a utopia. "According to Saz, "exclusion from the labor market and precarious jobs are the main causes of the failure of emancipation of young people."