The pandemic limits the income of young people up to four times that of others.
- According to several studies that have looked at the economic consequences of the pandemic, it is young people who are suffering the greatest economic damage. For example, last April, the decline in the income of young people was four times higher than that of adults.
According to data from La Vanguardia, the pandemic has particularly limited the income of young people, four times more than in other age groups. The economic crisis has come from the health crisis caused by the pandemic and has affected the most vulnerable groups. These include young people, who already had precarious jobs, lack of resources and difficulties in becoming independent. The crisis has affected several aspects of the economic situation of young people.
For example, according to data published by CaixaBank Research, last April the decline in the income of young people in the Spanish State was four times higher than that of adults, while the income of young people decreased by 20% and adults by 5%. By the end of the year, the average loss was 2% for adults and 8.2% for adults venes.La precarious employment is higher among young people and workers have more temporary contracts. The study concludes that, behind this drop, there is a fall in monthly income due to the short duration of contracts and an increase in part-time employment.
Today's young people earn half of what they earned in the 1980s.
According to a study by Samuel Benolla, today's young people earn half of what they earned in the 1980s: In 2019, the salary of 18-20 years is below 50% of the wages of young people 1980.En a recent report published by UGT, data on the socio-economic situation of young people have been put on the table. For example, since the beginning of the economic crisis in 2007, the percentage of emancipation of young people decreased below 20%, only 18.6% managed to leave the baptized parental home. Moreover, in the last year the youth unemployment rate has increased by 48.5%, reaching 245,1000 young people desempleados.Esto means that 22.7% of young people are unemployed. On the other hand, data from 2017 reveal that almost four out of ten young people are in jobs that require a lower qualification than they have.
The report that deepens the situation and consequences of youth during the pandemic is now available: Youth interrupted by the pandemic.
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