Spain wants young people to leave home and is offering them $300 a month to do so

Spain wants young people to leave home and is offering them $300 a month to do so

Spain is planning to offer young people aged 18-35 years old 250 euros ($289) a month to incentivize them to move out of their parents' house and rent. Spanish President Pedro Sanchez , as part of the government's 2022 budget. Young people earning less than 23,725 euros a month would be eligible for the rental bonus, if the budgetary proposal is approved. In addition, the most vulnerable families may be offered additional subsidies covering up to 40% of their rent, according to the government announcement. "We are talking about a fair economic recovery and this means facilitating access to housing, especially for those who are most vulnerable to precariousness, such as our young people," said Sanchez, making the announcement at an event organized by United Nations Human Settlement Programme, known as UN-Habitat. Eurostat from 2020 showed that people in Spain moved out of their parents' house at around 30 years old on average, four years later than the typical age for the whole of the European Union, of 26 years old. A by U.S. thinktank Brookings, published in April, stated that less than one in four homes were rented out in Spain. However, the report noted that there had been