Europe's North-South Devision In One Picture \ stacker news ~econ

Europe's North-South Devision In One Picture

611 sats \ 12 comments \ @TomK 2 Oct econ

These are catastrophic statistics! Southern Europe in particular was known for its abundance of children and is now becoming a victim of the centralists in Brussels. These economies cannot cope with the introduction of the euro, a currency that is as overvalued for countries like Greece or Portugal by up to 30%. The fact that young adults cannot afford to buy their own home, start a family or even found own companies thanks to capital mal-allocation and over-regulation after years of inflation is more than tragic. It is a socialist crime!

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85 sats \ 5 replies \ @0xbitcoiner 2 Oct

This is a situation that has been talked about for a long time. People from the south, apart from not being able to afford to own or rent their own homes, really like having clean clothes and food on the table made by their mothers.

79 sats \ 3 replies \ @Undisciplined 2 Oct

I've read about this before and do wonder to what extent it's a genuine cultural difference.

If you compare young people of similar income/wealth from the North and South, how much more likely are Southerners to live with their parents?

31 sats \ 1 reply \ @0xbitcoiner 2 Oct

I can confirm that it's also a cultural issue. In northern countries, the aim of young adults is to move out of their parents' home, and there is even a social stigma if they don't. In the south, young people like the comfort of their parents' home. The issue of income is important, but there are also cultural issues, but I don't have any numbers.

39 sats \ 0 replies \ @Undisciplined 2 Oct

America is much more like Northern Europe. Historically, American kids move out of home as soon as possible, regardless of their income. That's why young adults living with their parents is such a bad economic indicator here. Only the truly desperate would ever do it.

29 sats \ 0 replies \ @TomK OP 2 Oct

We still have a very strong family structure, it's the fundament although it's been changing during the last decades. The loading crisis will bring it back

36 sats \ 0 replies \ @TomK OP 2 Oct

Lol. Yeah, true. But maybe they are just reducing carbon emissions

201 sats \ 1 reply \ @alt_account 2 Oct

Reading the full article, rather than a cherry-picked figure from the same article, is much more instructive. From the same article, the average age went (marginally) DOWN compared to a year before. But that probably doesn't suit OP's clickbait agenda to farm sats.

0 sats \ 0 replies \ @TomK OP 2 Oct

Are You a Euro-commie, anon? How are You? I missed You and Your boundless stupidity.

47 sats \ 2 replies \ @Satosora 2 Oct

The younger generation cant afford to buy houses in the usa, either. Inflation is too rampant.

20 sats \ 1 reply \ @TomK OP 2 Oct

The demographic collapse in Europe might send RE into another direction

0 sats \ 0 replies \ @Satosora 2 Oct

Maybe. Or it could just wipe out a whole generation and their future.

10 sats \ 0 replies \ @xz 2 Oct

A dataset that doesn't even include people of leaving age who never left home? I wonder how much more unfavorable the estimates would be in the EU with that data included.