Spain’s ‘Lost Generation’ threatens social fabric – Yahoo! News

SpainMADRID AP — Daniel Lorente has worked construction, flipped burgers at McDonald’s, been a camp counselor, telemarketing representative and doorman.

But Lorente’s part-time jobs never lasted more than seven months: He was laid off from each one as Spain’s economic gloom deepened into a historic crisis. Now the 21-year-old is staring into a dead-end future.

“How am I going to make it if I don’t have a steady job, to pay a mortgage, for example?” asks Lorente. “Or for a wedding, or anything involving a big expense? You can’t get anywhere.”

Lorente is stuck among Spain‘s “Lost Generation” of 20-somethings, with no work and no real prospects in sight: Roughly half of all Spaniards between 16 and 24 are jobless, the highest level among the 17 nations that use the euro. It’s a devastating picture of blighted youth that threatens to distort Spain’s social fabric for years to come, dooming dreams, straining family structures and eroding the well-being of a rapidly aging population.

“This puts the whole welfare state at risk,” said Gayle Allard, a labor market specialist at Madrid‘s IE Business School. “The young people who are coming on the market now are the lost generation. They are losing the advantage of their youth and energy and that does not come back.”

The staggering jobless figures — 48.6 percent for Spaniards between 16 and 24; 39 percent for those ages 20-29 — hold dire consequences for a country that grew accustomed to prosperity on the back of a property boom that collapsed in 2008.

via Spain’s ‘Lost Generation’ threatens social fabric – Yahoo! News.

Strange Random Spain Quote:

“When you want to make it clear to the rest of the world that you are not an imperialist, the best countries to have with you are Britain and Spain.” – Bill Maher (American Comedian, Actor, Writer and Producer. b.1956)

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Posted on February 27, 2012, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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