The government has rolled out a package of measures aimed at helping young people cope with higher shopping cart costs, stagnant wages, and housing prices. Most announcements came from the Head of Government, Pedro Sánchez, during campaign events and pre‑election rallies, and were later approved by the cabinet. Some actions are new, while others strengthen existing supports.
2. 20% Guarantee to Aid Home Entry
The government approved a 20% guarantee for entry into a new home through the Official Credit Institute (ICO). A total of 2,500 million euros will be allocated. This support targets young people up to 35 years old and families with children. It can increase to 25% if the dwelling has an energy rating above ‘D’ and the program remains in effect. The measure runs through 31 December 2025 and may be extended for up to two more years, with no mortgagee fee charged.
Beneficiaries must have income below 4.5 times the public income indicator IPREM (for 2023, about 37,800 euros) or up to double if the recipient is a dual-income household (75,600 euros). For households with children, the limit rises by 30% per child; for single‑parent families, the allowance can reach as high as 70%. Administrators estimate roughly 50,000 people could benefit. The program carries no direct cost to the state unless a beneficiary defaults.
2. More Affordable Train Travel
Another pre‑election measure announced by Pedro Sánchez is a 50% discount on Interrail for young travelers aged 18–30 from June 15 to September 15. The plan applies a 90% discount on state‑run railway lines and 50% on high‑speed trains, encouraging domestic tourism. With this scheme, a 12–27-year-old could travel across 33 European countries for seven days in second class for 132 euros (instead of 264). The initial subscription price drops to 167.50 euros from 335 euros. Approximately 980,000 travelers join these adventures in a year, exploring Europe with these cards. There are two options: a global pass valid in 33 countries and a single‑country pass for one nation only.
2. Tax Break for Landlords Renting to Young People
Although not aimed directly at young tenants, this housing policy could benefit them. The housing law allows up to a 90% increase in a landlord’s income when renting a property to a person under 35. For landlords, the prior general discount of 60% shifts to 50% under the new rules, with no further conditions.
4. Educational Scholarships
The royal scholarship framework for the 2023–2024 academic year introduces a dormitory supplement increase of 900 euros. The dormitory allowance rises from 1,600 euros to 2,500 euros. The government has approved a historic investment in scholarships totaling 2.52 billion euros, benefiting more than a million young people across university study and vocational training.
5. Young Hiring Bonus
This initiative, launched last year, targets young workers aged 18 to 35. The program provides 250 euros per month, contingent on proof of earnings and an annual income no greater than three times the IPREM. The benefit lasts for two years. Eligible renters must pay monthly rent of up to 600 euros, or 300 euros for a room. With current requirements, an estimated 60,000 to 70,000 individuals could receive support, backed by a budget of 200 million euros.
6. Minimum Vital Income
The government has adjusted the Minimum Living Income (IMV) levels, applying an 8.5% increase to the broader pensions framework. As a general rule, young people over 23 may apply if they meet income thresholds, reside in Spain, and have lived independently for at least two years before applying. The scheme also targets groups including women who are victims of gender‑based violence or human trafficking, people from settlements, and minors who are orphans or in protective custody, including those who are homeless.