Greece is the worst country in the EU for the young, according to the first Europe-wide Index of Intergenerational Fairness launched by UK-based think tank the Intergenerational Foundation, which warns things could get even worse if action is not taken immediately.
The report cites youth unemployment, the country’s rapidly aging population, pension spending and a high old-age dependency ration as the reasons why Greece’s youth is much more worse off compared to fellow EU members. It ranked much lower than any other member of the 28-nation bloc in 13 social and economic indicators.
“These findings should act as a wake-up call to policymakers. Younger generations are being systematically disadvantaged. We cannot expect the young to carry the burden of an aging population if we do not give them the education, training, skills and opportunities required to become economically active citizens. It is therefore in all generations’ interests to prioritize spending on the young,” said IF co-founder Angus Hanton.