Full fridge and always fresh laundry – many young people don’t fly away. The wave of inflation also makes living alone hardly affordable.
Many can hardly wait to leave their parental home and stand on their own two feet, while others barely get away because home is simply the most beautiful place. And in turn, many simply cannot afford to live alone with the current wave of inflation or the highest inflation in almost 50 years: the “Hotel Mama” is very trendy!
According to EU statistics, almost every fifth person (17.6 percent, see graph below) in Austria between the ages of 25 and 34 still lives at home with their parents.
If you like that a lot, you should take a look at the neighboring countries on the old continent. Because the European champions in terms of not wanting to move are undeniably the Croats. Nearly two in three young people in the popular holiday destination with the crystal clear Adriatic Sea on their doorstep live with the whole family under one roof.
Also in Greece, leaving the four walls of the parents is something like that for young adults: 60.4 percent of all Greeks between 25 and 34 years old still live at home.
Standing on your own two feet is important for development
And even with our southern neighbors the center of life revolves around the beloved “mother” – in Italy it is every second person who cannot or cannot flee. The EU average of all (often unwanted) litter droppings is 26.4 percent. Because inflation doesn’t stop at the cost of living.
It is important for the development of every person to stand on their own two feet. “On the one hand, young people have to learn to become independent and at the same time get the chance,” emphasizes psychologist Christina Beran in an interview with “Krone”.
The expert does not adhere to a rule of thumb about the age at which you should leave home. Tip from Beran: “Moving is a challenge for both parents and young adults. But you can practice. In the form of tangible and also material contributions to the parental household. It shows very quickly whether it is already time. Mutually.”
Keyword material contributions: Anyone who collects a monthly net income of less than 1500 euros in Austria will quickly find that it is very difficult to financially support their own rental apartment with the cost of living. The step to ownership cannot even be dreamed of anymore.
Buying your own house without inheriting it is increasingly becoming a dream for young people. Consultancy firm Deloitte also came to this conclusion in the “Property Index 2022”. According to this, the square meter price for new apartments throughout Austria in 2021 has increased by eleven percent to an average of about 4,782 euros. The trend is still rising: in the first quarter of 2022 there was an increase of 13 percent!
Renting in Austria is still cheap internationally
Hard to believe, but true: rental apartments in Vienna and Austria are still cheap internationally. With an average of 8.66 euros per square meter, it is even cheaper in the federal capital than in Graz (10.40 euros) or Linz (10.22 euros). That puts you – all figures can be understood as net rent without operating costs – according to Deloitte in Europe further in the lower third …
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
