Three in four young Greeks living at home, OECD says

Three out of four Greeks aged between 15 and 24 were still living at home in 2014, according to a report by the Organization for Economic Cooperation and Development (OECD) made public this month.

The annual report, called “Society at a Glance,” found that southern European countries hardest hit by the debt crisis had the highest rates of young people remaining with their parents.

Greece came second in the list of 35 OECD member states, after Italy, with 76 percent of young people reporting that they still lived at home. Italy and Greece were followed by Slovakia, Portugal and Spain, while northern European countries, namely Denmark, Sweden, Finland and Norway, had the lowest rates of young people remaining at home.

Greece continues to have the highest rate of youth unemployment in the eurozone with more than half of young Greeks jobless and often obliged to live at home.