Italy’s economic and banking crisis deepens as austerity measures clamp down on the entire country. As factories and manufacturers continue to close down, many of the country’s independents move from their respective homes back to their parents. A third of the country’s 18-29 year old population has moved back to their ancestral homes due to the economic crisis.
According to experts, the trend of young adults moving back home is because of Italy’s socio-economic organization. The family is a close bond and is a primary provider of daily needs. The Italian family cares for the children and elderly. The young who moves out at the age of 18-20 tries to explore the possibilities of being independent in the world. The 30-44 year olds, who have 25.3% living with their parents, live with such to care for their aging parents.
Experts also state that Italy’s traditional family structure serves as a helpful defense against the growing economic troubles. Family traditions, especially in the rural areas of the country, while outdated, has become fundamental in motivating citizens to overcome any kind of crises in their lives, the economic crisis included.
Some of the 18-29 year olds who have returned to their homes did not return home to care for parents. Rather, they were disappointed with the high unemployment rate.
A report from the market research firm Coldiretti and Censis states that most Italians respond to the economic crisis by staying close to home. The traditional family ties of Italians help save them from personal and financial collapse.
Source: Huffington Post
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