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New Study: 80’s Generation Worse Off

Published onsdag 19 oktober 2005 kl 13.50
New study shows 20-somethings in Sweden have a lower standard of living than earlier generations

Young adults born in the 1980’s have an appreciably lower standard of living in Sweden than older generations. That’s according to a report published by Statistics Sweden.

The report suggests that main reasons behind the gap in living standards are a general demand for higher qualifications, a lack of cheap available housing and mass unemployment during the 90s and early 2000s when the number of available jobs shrunk some 10%.

The statistics show that fewer young adults can afford to own a car or take overseas holidays compared to previous generations.

More of them are in debt and suffer from symptoms of stress - brought on by low job security.

The Statistic Sweden report is based on some 100.000 interviews conducted over a 23 year period.

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