I found this to be a very interesting piece... while there are more opportunities to gain wealth at an early age in America, they are few and far between. This is the new reality. ~ Frankie
The time it takes for young Italians to reach financial independence
is steadily increasing, with today's children unlikely to be
economically secure before their 50's, a study has warned.
By 2020, the average 20-year-old Italian will have 18 years to wait
before living independently, researchers estimated. The milestone of
'independent living' was measured by a number of factors, including
having a home, steady income, and the ability to support a family.
The figures come from a report by the Bruno Visentini Foundation, 'Generation gap, from conflicts to solidarity', presented at Luiss University on Wednesday morning.
Researchers said that Italians who had turned 20 in 2004 could expect
to be living independently within ten years. However, that figure has
increased steadily and is set to reach 28 years by 2030.
In other words, today's children can only expect to have 'grown up'
once they're nearing their 50's. According to the foundation's research,
the generation gap in Italy is the second-worst in Europe, beaten only
by Greece.
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