Young Spaniards are losing their ability to accumulate wealth

https://english.elpais.com/economy-and-business/2024-05-15/young-spaniards-are-losing-their-ability-to-accumulate-wealth.html

by Logibenq

22 comments

  2. No wonder, governments are actively taking away money from young people (who are just starting their careers and need money for housing and children) and giving it to old people as pensions and healthcare.

  5. is this “wealth” in room with us right now

  8. Misspelled “old people continue hoarding wealth.”

    I dunno how many ways it needs to be shown that if you have wealth, you can accumulate more wealth, and if you don’t, you can’t, before people stop voting for parties whose policies are based on maintaining or increasing wealth inequality.

  9. In the past (let’s say the 60s) you were in the “adult” social group at 22, now it’s like 30. They stole 8 years from us and also stole our ability to fight back.

  10. Whole Gen Z spend their money on experiences because we have to save up for 500 years to afford a home in our area. Something is wrong, and it’s not on us. It’s not limited to Spain either.

  11. To say it in the words of the German fincance minister: “Have you tried working more overtime?”

  12. Thoughts and prayers to our Spaniard brothers and sisters🙏

  13. Near full-fledge US style capitalism is spreading throughout Europe, already in the East.. Macron is wanting to push that even further by lowering taxes, removing red tape, making it easier for corporations to do their thing. Spain needs to really consider this and fast because it’s a race.

    Spain should use its immigration population while looking at changing how it deals with corporations, FDI, etc.

  14. This is everywhere. It’s harder to build up from scratch these days.

  15. Young Poles „You guys were able to accumulate wealth?”

  16. You guys had the ability to accumulate wealth? – Portuguese

  18. Vote more left and anti capitalist, I’m sure it’ll help.

  19. Weird. On YouTube I see lot of young good entrepreneurs that already made a million on their 20’s.

    /s

  20. What? This is absolutely unprecedented and never seen in nearby places /s

  21. American here. 30m, 570k in retirement and savings accounts. Sucks to suck. USA USA USA 🇺🇸. WHAT THE FUCCKKKK IS A KILOMETERRRRRRRR

  22. I think this is applicable to every ‘young’ age group in every country on the planet

Leave a Reply