Retirement in Spain? Although for many this scenario may sound like something from a science-fiction movie, it is very likely that it will be so. Although we as a country are not developing as dynamically as we did ten years ago, we are still among the markets with sports potential. Society is getting richer, although unevenly. Despite inflation and rising prices, unemployment is still low. The prospects for the coming years for Poles are definitely better than those awaiting Spaniards or Italians.
Retirement in Spain?
During my first holiday in Spain, less than 20 years ago, I learned that it was a country where wealthy Western Europeans went to retire. Sun, beaches, warm water, seafood and wine. This sounds like an ideal vision of the last years of life. Especially since for many of those who came to Spain, the daily costs of living there were much lower. Wealthier Islanders and Germans have been going to Portugal, Italy or Spain for the last years of their lives for years. They play golf there in the sun, enjoy the sun and life. Is there a chance that in 30/40 years this will also be possible for us?
There are many indications of this. In terms of consumption, our lives are already better than in Spain or the Czech Republic. Currently, youth unemployment in Spain is extremely high. Since 2008, Spain has been in crisis due to the bursting of the residential real estate bubble. This problem did not only concern the Spanish. The Portuguese, Italians and Greeks also dealt with it with varying degrees of success. The latter were even forced to declare bankruptcy. Many young Spaniards lost their jobs at that time. The scale was exceptional, youth unemployment even exceeded 50%.
According to experts, the education system is to blame for the current state of affairs. Young Spaniards drop out of school very often. As a result, the educational structure of society is not adjusted to the needs of domestic employers. Moreover, the unemployed can count on relatively high benefits in Spain.
In Spain they cannot cope with unemployment. According to data provided by Eurostat, which takes into account purchasing power parity, Poland is already wealthier than Portugal or Greece. Although we are still short of the EU average, the prospects for the next 20/30 years look promising. Possibly an idea to spend pensions in southern Europe will be a completely rational solution. The average pension benefit in Spain is still higher than the Polish average. This does not change the fact that in a few dozen years the costs of living on the Iberian Peninsula may be much lower than the costs of living in Poland.
2023-09-30 20:04:47
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