“How many of you have ever made a joke about young people who still live with their parents?”

On Wednesday, December 13th, 2023, MEP Irena Joveva discussed the European Union’s strategy to help young people coping with the housing and cost of living crisis at the plenary session in Strasbourg. How many of you here have ever made a joke about young people, for example 30-year-olds and 40-year-olds, who still live with their parents? Or heard those “jokes” about the mama hotel, Joveva asked her colleagues present at the outset.

“I guess many of you. I find such remarks sad. The circumstances that the younger generations face today can only be funny in satire, which is not the case in reality.”

As the MP pointed out, young people find themselves in an unfavourable economic environment, which is reflected in the lack of affordable real estate, record high inflation and high interest rates on loans on the one hand, and in the lack of quality, stable and adequately paid jobs on the other. According to her, all of the above puts young people in an even more unenviable position, which “not only threatens their independence, but also their mental health”.

“Initiatives to create quality jobs at the European Union level exist and aim to regulate the labor market in a youth-friendly way, but what we lack is initiatives for affordable housing.”

The MP continued with proposals for measures that the European Union could introduce in this area: encouraging the construction of new housing, introducing subsidies for young people when purchasing housing, enabling favourable credit conditions, etc.

She concluded her speech with a call for measures to improve the situation of young people, implemented through strategies, to be realized

You can watch the full speech here.