Monday, December 16, 2013

Youth unemployment

This article was written almost two years ago about the high unemployment rate among those under 25 in Spain.  At that time it had gone above 50% and some were thinking that to leave the country would be their only hope for a promising career.

Now, almost two years later, Spain's unemployment rate is 57.4% for those under 25 .

According to an economics professor in Madrid"This is the generation that will be paying for the welfare state and pensions in the future. If they can't get started with relatively secure, well-paying jobs, start to put away some savings, start to accumulate assets, start paying into the welfare system, where does that leave the rest of us?"

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