Intergenerational solidarity: a European perspective

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Eleven years since the Great recession, it has become clear that the crisis hit particularly young people, who have then not been reached by the economic recovery as much as the other age groups.

Despite the robust recovery Europe experienced since 2014, youth employment rate is still below the levels observed in 2008 while the rate of older workers is well above the pre-crisis scenario. While similar trends are recorded among other employment and unemployment related indicators, the impact of the crisis has also enlarged the differences on living conditions among youth and older people. According to a recent Eurofound study[1], youth are more likely to experience difficulties in making ends meets and are much more at risk of social exclusion than older people, with this gap that increased over the past ten years.

Massimiliano Mascherini, Head of Unit Social Policies at Eurofound, commenting FEPS Speri Study: Intergenerational fairness in post-crisis Europe: A comparative study

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[1] Eurofound (2019) Age and quality of life: Who are the winners and losers?