GEN Y AWFULNESS MEETS EURO AWFULNESSA postcard from Spain:

Living with your parents is one thing, but hitting them up for weekly financial support when you’re a grown adult?

It might sound extreme, but that’s what Gen Y-ers in Spain have been doing for years — and resorting to legal action when their cash-strapped folks say no.While the 2014 case of American teen Rachel Canning suing her parents was considered an anomaly, in Spain it is far more common for young people to expect handouts to continue into their 20s and even their 30s.Under Spanish law, parents are required to support their children until they reach financial independence, with no age limit, and a string of cases in recent years has cemented the rule.But parents are fighting back, and a court this month reinforced an important caveat to the rule: It doesn’t apply to adult children who are “lazy”.A judge in Spain’s north has rejected a 23-year-old woman’s application for parental financial support, finding that the high school drop-out is “wasting her life”, Think Spain reported.“It can and must be concluded that the appellant’s own behaviour after reaching the age of majority — behaviour legally qualifiable as neglect, laziness and lack of productive use of time and opportunities — that has left said appellant in her current situation,” the scathing judgment read.The decision will come as a relief to parents across a nation whose economy is yet to recover from the global financial crisis.Spain’s unemployment rate for people aged 25 years and under is 41.5 per cent, only marginally less dismal than Greece’s 45.2 per cent.It has made the cultural expectation that parents will support their children until they can find their feet a major burden on the older generation.

Welcome to Europe, especially it’s Mediterranean fringes, where adults expect to be treated like children by their parents, because the governments treat everyone that way. What an awful situation and what a colossal waste of human capital. In some ways it’s difficult to blame the Gen Y for their shameless family parasitism, when the economic system is so sclerotic and so skewed towards a few vested interests that youth unemployment affects almost 1 in 2. Statism, combined with rent-seeking and corruption, is stealing young people’s future, as the labour market is so harried and so inflexible it simply cannot produce enough jobs. In Australia, when unemployment reached over 10 per cent during the 1991 Keating recession, some 25 per cent of young Australians were out of jobs. Thankfully that was only temporary – what in Australia is a bug, in Europe is now a feature. But as our governments, both Labor and Liberal, continue on their quest to bribe the electorate with the money we don’t have, piling debt upon debt, they are condemning Australia to an European future, perhaps not in 5 or 10 years, but certainly in a generation, should things continue as they are. By which stage, middle aged Europeans will be living off their elderly parents’ pensions.

 

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