Spain's Dropout Generation

The Mises Institute reports:

In the last two decades in Mediterranean Europe, and especially in Spain, a new social group has emerged, called jovenes (youngsters). Members of this group exhibit several specific characteristics. First, jovenes are usually male, aged 25–35, although some members are in their 40s. Second, they are in a perpetual state between graduation and their first job. Third, they usually live with their parents to save money, allowing them to go out at least three times a week. Fourth, they occasionally work a part-time job — if only due to the pressure imposed by their parents. Last, and most important, they receive unemployment benefit credits and renew their membership on the "unemployment list" from time to time, so that the state subsidies don't run out during their "temporary" hibernation.