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8 out of 10 Spaniards under 30 live with their parents: official report

Xinhua, March 1, 2016 Adjust font size:

A study published Monday by the Spanish Council for Youth shows that eight out of 10 Spaniards under the age of 30 continue to live at home with their parents.

The main reason for this is that they do not have enough money to set up their own household or even to share with friends.

The report highlights the high unemployment rate among young people and the low wages earned by those who have a job as the principal reasons for this and states that those between the ages of 16 and 29 are "those who are most at risk of suffering poverty and social exclusion."

According to the study, 56.8 percent of Spaniards under 30 are currently unemployed, but 64.1 percent do not currently earn a salary.

Meanwhile, among those who do have a job, 27.6 percent have a part-time job and work less than 35 hours a week, while 93.3 percent of the contracts signed by youngsters in the first six months of 2015 were of a temporary nature, with just 6.7 percent finding a permanent position.

Young Spaniards also earn low wages, with those under the age of 30 earning a yearly average of 11,158.98 euros (12,130 U.S. dollars) and just 10 percent earning over 1,800 euros a month.

The study showed 64 percent of young women are overqualified for the position they currently occupy, a situation shared by 49.9 percent of young men in work. Endit