Quarter of Italy's over-40s need allowance from folks

Many admit to having 'no hope' for future

Quarter of Italy's over-40s need allowance from folks

(By Kate Carlisle) Rome, May 21 - On Tuesday, the same day that Italian Premier Enrico Letta told the European Union that it must back up its words on solving youth unemployment with strong actions, farmer's association Coldiretti reported that more than one out of four Italians over 40 years old continue to need an allowance from their parents to get by. For those between 35 and 40 years old, some 28% survive with money from mom and dad, 43% of those between 25 and 34 years old still lean on their parents' income and 89% of those between 18 and 24 years old need their allowance to make ends meet, the survey 'Youth in Crisis', compiled together with the Trieste-based SWG polling agency, said. Rampant youth unemployment in Italy reached 38.4% in March, 3.2% higher than the same month in 2012, according to national statistics institute Istat. Once employed has been procured, economic aid from parents does not stop for Italy's under 40s, Coldiretti said. More than one in four (27%) Italians under 40 said that they are unable to make ends meet without financial assistance from their parents. "Family has become a social safety net that serves to protect its members in need," Coldiretti President Sergio Marini said. Over half, 51%, of Italians under 40 years old live with their parents, 13% by their own choice and 38% because they cannot afford to live on their own, the survey said. Specifically, 26% of Italians between 35 and 40 years old are still at their parents home, 48% between 25 and 34 years old and 89% of those between 18 and 24 years old. Of Italians over 40 years old, 61% believe that their future will be worse than what their parents experienced. More than half of Italians under 40 years old recently surveyed said that they are ready to leave the country to search for work opportunities. Due to the negative labor market, 51% of Italians under 40 feel they need to search for employment beyond the country's borders, while 73% believe that Italy offers "no future". Some 64% said that they would move within the country for a job, the survey said. Almost half of young unemployed Italians looking for work, 49%, would be willing to take jobs as street sweepers, the report said. Of those already employed, 32% still said that they would accept a job as a street cleaner and 34% would work for as couriers. More than four out of 10 unemployed young people (43%) would be willing to accept a job paying 500 euros per month, while 39% would be willing to work overtime without extra income. "The analysis shows a strong spirit of sacrifice among the country's youth that leads them to give up basic workers' rights," Coldiretti President Sergio Marini said. "This is something that we cannot allow in a civil society like Italy," Marini said. In many cases, youth in the agricultural sector represent a counter trend, Coldiretti noted. Among the country's young farmers polled some 45% think that Italy offers possibilities for the future. While in the agricultural sector many young farmers are still living with their parents, only 32% said they are there for economic reasons, while 31% live with their families by choice. Hiring is up in agricultural enterprises by 3.6% compared to last year and more than 59,000 businesses in the sector are run by directors 40 years old or younger, Coldiretti said.

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