Young people, doomed to failure. MADRID-If there is a group to which the pension reform will hurt significantly, that is the youth. With youth unemployment rate of under 29 years hovering around 40% and long-term unemployment in this population group "in crescendo" and that it reaches almost 25%, according to figures compiled by the International Labour Organization, " the incorporation of Spanish youth labor market is increasingly, wow cheap powerleveling, late. This delay, coupled with increasingly precarious work that supports this group, 55% of young people between 20 and 24 do not have stable jobs, according to a November report UGT-become almost a chimera the possibility that many young Spanish people can retire at age 67 with full retirement, for what should have contributed 37 years in a row., aion kinah, More improbable still is that they can do at 65 after having contributed 38.5.
For many, the goal seems more affordable it is to get listed for fifteen consecutive years to qualify for a contributory pension.
Delaying the retirement age agreed by government and unions will also have a pernicious effect on the already grim picture that has hung over the Spanish youth employment. The, ff14 gil, fact delay the retirement age to 67 years, but is to be made gradually, will force many older workers to remain in their jobs longer than planned, which will prevent the labor market incorporation young people in first appointed to replace them.