It’s one of the reasons around 250,000 graduates have left Greece to seek work in other countries over the past eight years.
Young Greek millennials are faced with a tough financial burden. The unemployment rate is 40% for the youth in the developing world, making Greece be one of the toughest job markets. Leaving many of the youth to be living in poverty. Greece has faced a long extreme decade of financial crisis and what helped ‘saved’ Greece is when the country went to the EU (and is now the currency of Euro’s). Many millennials are deciding to choose trade school rather than college, due to finding a specific career is a ‘risky’. Many of the college graduates have a hard time finding a job that is well paid, secure, and/or is matched to their skill (profession).
“The minimum monthly salary – which most graduates earn – has dropped from 800 euros ($920) to 600 euros ($690) since the start of the crisis, and one in four young people are classed as living in poverty.” (1)
This summer I spent a week in Greece and was able to talk to a few locals and the economy of the county was a topic that kept occurring. We had a server in Santorini saying how the minority of people in Greece weren’t able to apply for credit credits, due to debt. Our waiter told us the main income the country relies on, is tourism.
I love the country of Greece, and I’m sure the people love the country as well, the sad fact is many of the youth (the next generation) is fleeing to find work. If the number of yearly income keeps declining the county will continue to be in deep deep crisis. Mentioned in the article are inputs from a few young greek millennials saying how they want to lead their country out of debt. The choice needs to be made for the young millennials either to flee the country or stay and find a plan B.
Source: 1. http://www.bbc.com/capital/story/20181107-what-it-takes-to-be-young-greek-and-able-to-pay-your-bills