{"id":155901,"date":"2020-11-18T18:40:16","date_gmt":"2020-11-18T17:40:16","guid":{"rendered":"https:\/\/highxtar.com\/?p=155901"},"modified":"2020-11-18T18:40:16","modified_gmt":"2020-11-18T17:40:16","slug":"generation-covid-youth-income-drops","status":"publish","type":"post","link":"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/","title":{"rendered":"Generation COVID: Youth Income Drops"},"content":{"rendered":"

Although the pandemic has affected all of us, to a greater or lesser extent, the new generations have been greatly affected. Forty-two percent of young people who were middle-income before the pandemic went on to have a low income or no income at all. Among those with low incomes, 44% had no income at all.<\/strong><\/p>\n

\"\"<\/p>\n

It is clear that the luxury brands had found in the younger generations a hopeful future for the sector. However, according to trends, the average income of the young population is up to 45% lower<\/strong> than before the pandemic, and many of them have not entered anything between March and August.<\/p>\n

Moreover, as if this weren’t enough, youth unemployment in Spain is double the European average<\/strong>. According to Eurostat -the European Union’s Statistics Office-, almost 41% of young Spaniards are unemployed, more than double the European average of 17.1%. In fact, Spain is the country with the most unemployment<\/strong> among young people in all of Europe.<\/p>\n

Those over 25 are in an even worse situation. Just when they had almost managed to overcome the crisis of 2008<\/strong>, a global pandemic arrives. As most of the labour contracts are destroyed<\/strong>, they are again in the same situation as a decade ago.<\/p>\n

If we look back at the beginning of 2020<\/strong>, when we had no idea what was coming, one in three young people were already at risk of social exclusion<\/strong>. And 55% of this population was under temporary contracts. Imagine now.<\/p>\n

Some experts have already described them as the “Covid Generation”<\/strong>, a lost generation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Although the pandemic has affected all of us, to a greater or lesser extent, the new generations have been greatly affected.<\/p>\n","protected":false},"author":11,"featured_media":155898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2108,603],"tags":[1996,1682],"class_list":["post-155901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-culture","category-fashion-en","tag-covid-19","tag-natalia-canoa-en"],"acf":[],"yoast_head":"\nGeneration COVID: Youth Income Drops - HIGHXTAR.<\/title>\n<meta name=\"description\" content=\"Although the pandemic has affected all of us, to a greater or lesser extent, the new generations have been greatly affected.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Generation COVID: Youth Income Drops\" \/>\n<meta property=\"og:description\" content=\"Although the pandemic has affected all of us, to a greater or lesser extent, the new generations have been greatly affected.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/\" \/>\n<meta property=\"og:site_name\" content=\"HIGHXTAR.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/highxtar\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T17:40:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/11\/thumb-generacion-covid-sin-ingresos.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Natalia Canoa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@highxtar_\" \/>\n<meta name=\"twitter:site\" content=\"@highxtar_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Natalia Canoa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/\"},\"author\":{\"name\":\"Natalia Canoa\",\"@id\":\"https:\/\/highxtar.com\/#\/schema\/person\/3900aea80481e4c4d0a2639aa708bc6c\"},\"headline\":\"Generation COVID: Youth Income Drops\",\"datePublished\":\"2020-11-18T17:40:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/\"},\"wordCount\":257,\"publisher\":{\"@id\":\"https:\/\/highxtar.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/highxtar.com\/wp-content\/uploads\/2020\/11\/thumb-generacion-covid-sin-ingresos.jpg\",\"keywords\":[\"Coronavirus\",\"Natalia Canoa\"],\"articleSection\":[\"Culture\",\"Fashion\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/highxtar.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/\",\"url\":\"https:\/\/highxtar.com\/en\/generation-covid-youth-income-drops\/\",\"name\":\"Generation COVID: Youth Income Drops - 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