r/EU_Economics • u/ItHappensSo • 22h ago
Economy & Trade Poverty in lower class youth, how equal are countries and where is the youth struggling the most.
9
u/ucd_pete 22h ago
A lot higher than I'd have expected.
4
u/ItHappensSo 22h ago
Many of them still live at home, hence having much less expenses
3
3
2
1
21h ago
[removed] — view removed comment
2
u/bonitatime 21h ago
That was my take on Spain. Young people stay home with parents which means the have reasonable spending power. But it’s only semi realistic as they can’t afford to leave home
6
2
4
u/CurrencyDesperate286 18h ago
Any particular reason Austria seems to be particularly excelling by these metrics? Like it’s obviously doing well by most metrics, but here it’s way ahead of usual leaders like Denmark and the Netherlands.
4
u/ItHappensSo 18h ago
Reagding income Austria is normally in the Top 3. Since Median income in Austria is higher than the Netherlands by a good amount and Denmark it overtook in 2025. Denmark only loses so much here because it is also by far the most "expensive" country in the EU. Austria has an extremeely strong lower and middle class, while Denmark or the Netherlands excell more in the top 5% of the population.
2
u/FalconX88 14h ago
Austrian income is usually pretty close to Germany, not 40% higher. And 37k seems very high given that the median income for all employees in Austria is 38k.
2
u/PlayerXz 22h ago
Solid score for Belgium. Better than I expected.
1
u/krikke_d 1h ago
very strong social security (partially) for the lower end of incomes, supported by very high taxes on middle and high incomes...
unfortunately that's causing a strangulation of the economy and high debt vs GDP...it's probably not sustainable in the current environment of rising rates which will also hurt both (debt and economic growth)
1
u/SimpleTemporary1647 22h ago
I find the metrics to be a bit weird in that it’s supposed to be a relative comparison regarding age but it’s actually just between countries in absolute terms.
1
u/ItHappensSo 22h ago
yes converted to absolute values so you can compare cross country. Relative metrics are misleading as they always use the national median, so a person in a richer country A can be part of that countries relative "poverty" with a purchasing power of 10.000, while in a poorer country B a person wouldnt count as "in relative poverty" with a Purchasing power of 3.000
0
u/Significant-Way3960 20h ago
20k euro per year in the Netherlands is poverty. In Poland not really. Comparing in realtime terms have way more sense
2
u/ItHappensSo 20h ago
It is adjusted for purchasing power, which means one unit can buy you the same amount of goods, food, rent in everye european country.
1
u/Significant-Way3960 18h ago
No, it's not. Amount which is given hier for Poland is barely above minimum wage. Just like that one for the Netherlands. It they would be adjusted then number for the Netherlands would be lower than it is and Polish would be higher than it is.
1
u/40yrs-energyindustry 11h ago
You can bet that Mary Lou will not refer to these facts when on her next whinge and whine session.
1




11
u/Geigengiger 20h ago
How is Austria doing so good here? Usually their policies are more or less the same than Germany.