The gap between housing cost and income hinders youth emancipation

this 15.6% the youth in Spain He lived freely in the second half of 2021, so A slight increase of 0.7 points Compared to the first half of that year, however, it’s still far from a figure recorded before the real estate bubble burst, weighed down by the gap between housing cost and youth income.

These are data from the report prepared by the Liberation Observatory of the Youth Council of Spain (CJE) and presented this Thursday, corresponding to the second half of 2021. profile of emancipated youth is not very youngBeing 29 years old, she has a 28% higher salary, a permanent contract and completed her higher education.

The difficulty of liberation

The document, released on the eve of International Youth Day, shows that: “precarious” recovery Task not accompanied by an increase in the wages of young people workers who have succeeded in narrowing the “gap” between the high prices of the housing supply and the low disposable income of those who demand it.

The report by CJE president Elena Ruiz Cebrián and co-author, sociologist Joffre López, points out that if this gap is reduced, the rate of youth emancipation will increase.

They can get an average of 320 Euro rent.

According to the report 2021 closed with ‘record low’ interest rates and conditions that could predict an improvement in housing access, with an 8.5% drop in the average rental price, yet a young person would have to set aside 3.8 times their annual net salary to face the mortgage inflow to buy. the average house in the real estate market (170,000 euros).

And for rent?while the average cost is 848 euros, teenagers can only get a wage of 320 euros “without over-indebtedness”.

The emancipation rate for young people aged 16-29 increased by just over half a percentage point, from 14.9 percent in the first half of 2021 to a century low, to 15.6 in the last six months of the same year. year.

This is almost the same as at the end of 2020 (15.8%), but “far away” from the 25% reached between 2006 and 2010 and still below the 2019 rates before the coronavirus pandemic. The youth had succeeded in emancipating themselves.

Slight increase in six months In all autonomous communities except Aragon, Castilla-La Mancha, the Commonwealth of Valencia and Galicia.

precarious employment

The report argues that this slight improvement in youth emancipation relied on “heavy recovery” of employment Destroyed by the pandemic, the youth unemployment rate fell 5.2 percentage points to 23.6% at the end of 2019, below the marked rate (23.8%).

And at the end of last year, in addition to salaried youth, job creation occurred among autonomous workers (6% compared to 4.5% in 2019).

However, the report notes that the recovery of jobs due to ephemerality and bias is “based on youth job insecurity.”

The ECJ president pointed out that when this slight increase in emancipation “hits the bottom”, as in the first half, what can be predicted will be growth, but that it is “met with caution”. “.

With this situation, young people who can become emancipated do so by sharing housing Paying the rent alone would mean setting aside 79.2% of your salary, down to 25% if you choose to live with more people, with others.

Given this “significant” difference, 34.5% of emancipated youth share an apartment with other unrelated people.

Big gender gap

Ruiz Cebrián said the 2021 data showed “a big gender gap” in socioeconomic terms. emancipation in housing is higher among young women (18.5%) than men (12.7%)The way to do this is different: women who liberate themselves alone account for only 13.8%, half (26.7%) of men living in single-person households.

Little salvation alone, according to the report, more job insecurity woman for example, since the unemployment rate for women is lower (23.1% compared to 24.0%), the temporary rate is higher (58.6% compared to 52.3%), partiality nearly doubles (17.8%) 33.7% and underemployment were five points higher for women (17.6%) compared to .

Small percentage of ‘nini’ and high percentage of ‘fog’

The report also reveals that the inactive youth population in the second half of 2021 was 47.6% of youth, of which 89.7% was due to education, the highest figure in a historical series.

Only 2.4% of inactive youth were uneducated and “elevado de sisis” stands out “compared to this small percentage of nini”, which accounts for 32.5% of working and studying youth, six points more than in the last quarter of 2019.

The CJEU persisted in its claim to prioritize youth on the public agenda by initiating medium and long-term policies that “really” change the situation for this group.

Source: Informacion

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