A new OECD report has found that young workers in Greece under the age of 30 earn 40% less on average than their peers i...

A new OECD report has found that young workers in Greece under the age of 30 earn 40% less on average than their peers in other EU and OECD countries, after adjusting for purchasing power. On top of that, the average young Greek between 18 and 29 spends more than 60% of their income on housing, nearly double the EU average. Youth unemployment in Greece sat at 16.5% in 2025, the third highest in the OECD after Spain and Sweden, and almost double the EU average of 11.7%. The employment rate for young people aged 15 to 29 stands at just 36%, compared to the OECD average of 55% and the EU average of 50%, placing Greece second to last in the OECD ranking, just above Italy. The situation does not improve with education. Among Greeks aged 25 to 34 with a university degree, the unemployment rate reached 12.3% in 2024, the highest of any OECD country and 2.4 times the OECD average for that group. The housing picture is equally bleak. Around 70% of Greeks aged 18 to 24 reported concerns about securing adequate housing in the coming year, according to the OECD's 2024 Risks That Matter survey, the fifth highest share in the OECD. In cities, roughly eight in ten young Greeks spend more than 40% of their disposable income on housing costs, a threshold widely considered excessive. As a result, 74% of Greeks aged 20 to 29 still live with their parents, one of the highest rates in the OECD. The average age at which young Greeks leave the family home is 30.9 years, compared to an EU-OECD average of 26.2 years. Greece's economy has grown at 2.1% in 2025, consistently above the eurozone average of 1.3%, but the OECD data makes clear that young people have not felt that growth in their wages or their rent bills. #Greece #Economy #OECD