Still living with the folks? Spaniards may be offered a monthly bonus to help them move out of their parents homes!

Still living with the folks? Spaniards may be offered a monthly bonus to help them move out of their parents homes!

Wouldn't it be great to have a monetary incentive that was offered to you by the government?

Still living with the folks? Spaniards may be offered a monthly bonus to help them move out of their parents homes!
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Not many people will openly admit that they still live at home with their parents, for obvious reasons, it has been stereotyped as something that is not really acceptable when it comes to it's association with success. 

So in other words many people who find out that you are living with your parents and you are over a certain age, will automatically assume that you are unsuccessful. But not all stories confirm to success. 

Many under 35s still live with their parents for an array of reasons. One of the those reasons has got to do with the cost of living, some live with their parents because their parents are elderly and it is part of tradition to care for your folks. 

As much as we could give you a whole list of reasons as to why shouldn't be a shunned upon factor, living on your own can be considered quite a costly affair. And sometimes it makes sense to contribute to one home rather than taking on more than you can handle. 

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Prime Minister Pedro Sánchez has proposed that Spaniards who still live with their parents are within the ages of 18 and 35, should be given an incentive €250 (R4,300) benefit so that they can potentially afford to move out. 

"Spain has among Europe's highest rates of property ownership. But that also means that fewer than one in four homes are available for rent. And in some areas, such as the big cities of Madrid and Barcelona, rents have been on the rise while incomes have fallen by over 7% in just one year due to the Covid-19 pandemic." (BBC)

According to BBC, "Spaniards leave their family home at the age of 30, nearly four years later than the EU average, according to Eurostat figures. And since the peak of Spain's last economic boom in 2007, the proportion of 16- to 29-year-olds who have left home has been dropping steadily, from 26% to 16% last year." 

We guess the good part of hearing that for many of you who still stay with your parents is that, this isn't just a South Africa problem. And in addition, this isn't a reflection of your state of success. 

So if you are staying at home with the folks, take a breath, as long as you are not leeching off them and doing your best to help in the household, then you get a pass...for now anyway.

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East Coast Radio

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