Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
The jobless generation

Of the 359,000 unemployed in the 45-64 age group, 77.6 percent are long-term unemployed – that is they have been out of work for 12 months or more.

By Christina Kopsini

Not a single measure has been introduced over the past few years aimed at helping jobless Greeks who are middle-aged or older. Labor Ministry officials behave as if unemployment is not an issue among people in those age groups.

The fact is that the particularities of each age group have been mostly lost in the waves of horizontal, one-size-fits-all programs since the key criteria are usually the absorption of funds and often reckless fulfillment of the debt-wracked country’s commitments to its foreign lenders.

However, high unemployment rates among the middle-aged-and-over groups are not just a social problem. They also have implications that affect Greece’s fiscal sustainability and social security. As baby boomers – meaning those born between 1946 through 1964 – head toward retirement and the ratio of workers to retirees drops, the deficit dogging Greece’s social security funds is bound to grow.

Data presented during a recent conference organized by the Economic and Social Council of Greece (OKE) are particularly disconcerting regarding people in the aforementioned age group, which makes up 51.8 percent of the Greek population and 67.4 percent of the economically inactive population.

According to data presented at the event by Panteion University professor Savvas Rombolis, the number of unemployed in that age group is twofold compared to that among the young generation, at 359,000 over 178,000.

Furthermore, older people are finding it tougher to deal with the implications of having to stay at home. They are forced into early retirement and use their savings to buy out their remaining social security credits, or they have to do odd jobs here and there to make ends meet.

This is largely because only 3.2 percent of those in the 45-64 age group have a postgraduate degree. Only one in five has a university degree. Also, only 30 percent finished senior high school. Most have low qualifications. One in three is self-employed while the percentage of salaried workers stands at 54.5 percent.

Older citizens are more likely to end up without a job, and when that happens they tend to be excluded from the labor market. Of the 359,000 unemployed in the 45-64 age group, 77.6 percent are long-term unemployed – that is they have been out of work for 12 months or more.

Most of these people have collected their social security credits in construction (one in five), retail (18 percent) and manufacturing (15.7 percent).

ekathimerini.com , Thursday Jul 10, 2014 (20:40)  
SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
Strange haste
Keep your allies close
Kotzias, Dugin and the EU
Judges´ report on Golden Dawn case expected next week
A final decision by the Council of Appeals Court Judges weighing the merits of the case against ultranationalist party Golden Dawn is expected next week, marking the final step for the case ...
Karamanlis, Bakoyannis discuss ND´s future
Ex-Foreign Minister Dora Bakoyannis remained tight-lipped on Friday after an hourlong meeting with former Prime Minister Costas Karamanlis as New Democracy continues to absorb the impact fro...
Inside News
Increase in minimum salary is left aside for now
The Labor Ministry’s new administration is preparing to take cautious steps in the context of broader planning for employment and enterprises, which will risk creating a shock in the domesti...
Decline in euro rate has exporters eyeing growth in 2015
A decline in the exchange rate of the euro against the US dollar, as well as other major currencies, is key if Greek enterprises, and their eurozone counterparts, are to regain a significant...
Inside Business
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldn´t buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Panathinaikos preserves perfect home record
2. Increase in minimum salary is left aside for now
3. Decline in euro rate has exporters eyeing growth in 2015
4. TAIPED is stripped of its management and most projects
5. Tourism to build on last year’s massive growth
6. HFSF portfolio sees its value diminish
more news
Today
This Week
1. SYRIZA must come up with ‘pragmatic solutions,’ Schulz tells Kathimerini
2. Why Greece went left while Europe turns to right
3. Capital flees Greece at fastest pace since 2011
4. Greek government's signals very mixed, ECB's Jazbec says
5. EU's Schulz: Greece should follow EU line on Russia
6. Monastiraki restaurant fire prompts panic, restricted before spread
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greek Elections 2015: The day after | LIVE
5. SYRIZA's win will test institutions
6. Athens may veto further EU sanctions against Russia
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.