Precarious job market stops 8 out of 10 young adults in Spain flying the nest

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A STUDY from the Spanish Youth Observatory has found that eight out of 10 young adults in Spain can’t afford to fly the nest.

The study, on the third quarter of last year, found that just 21.8 per cent of under 30s in Spain had managed to set up home on their own, while the rest still lived with their parents and said they could not afford to move out.

According to the study, the average salary for people in this age-group would only allow them to buy property of less than 50 square metres and to buy anything bigger they would have to earn twice their current salaries.

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Employment is a big problem for young adults in the country, with 52.4 per cent of under 25s out of work, 41.7 per cent of those in work having worked for their current employers for less than a year and one quarter work only part-time.

Young adults who did find work in the period studied were only given temporary contracts in 93.7 per cent of the cases, and 55.6 per cent said they were vastly over-qualified for the jobs they had had to take as nothing else was available.

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