![Eurostat – 1 in 6 young Greeks facing severe material and social deprivation](https://www.ot.gr/wp-content/uploads/2022/02/neoi-scaled.jpg)
In the EU in 2020, the severe material and social deprivation rate among young people (aged 15-29 years) was 7%. When compared with 2019, this increased by 2 percentage points (pp). The severe material and social deprivation rate among the total population was the same (7%).
Among the EU Member States, the highest proportion of young people who were severely materially and socially deprived in 2020 was recorded in Romania (24%), followed by Bulgaria (21%) and Greece (16%). On the other hand, the proportion was less than 3% in 11 of the 26 Member States with available data: Luxembourg, Croatia, Estonia, Finland, Slovenia, Poland, Netherlands, Czechia, Cyprus, Sweden and Austria.
Bar graph: Severe material and social deprivation rate, 2020 and 2019, as % of young people aged 15-29 years old in the EU and EFTA countries
When comparing 2020 with 2019, the largest increases in the severe material and social deprivation rate for young people were recorded in Romania, Ireland and Germany (all +3 pp; break in time series for Ireland and Germany). Meanwhile, the largest decreases were recorded in Slovakia (-2 pp), Finland, Greece and Croatia (all -1 pp).
When comparing 2020 with 2019 amongst sub age groups, Romania recorded the largest increases in the proportions of 15-19-year-olds and 25-29-year-olds who were severely materially and socially deprived (around +4 pp). When it came to 20-24-year-olds, the largest increase was recorded in Ireland (+5 pp).
At the other end of the scale, the largest decreases were recorded in Slovakia (-4 pp among 15-19-year-olds), Malta (-3 pp among 20-24-year-olds) and Greece (-2 pp among 25-29-year-olds).
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement](https://www.ot.gr/wp-content/uploads/2025/02/Goldman-Sachs-600x400.jpg)
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
![Greek Tax Authorities Target Tax Evasion via Lifestyle Audits](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_2347095029-scaled-1-600x400.jpg)
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
![Giannis Antetokounmpo Invests in AI Video Production Platform](https://www.ot.gr/wp-content/uploads/2023/02/giannis-antetokounmpo-600x337.jpg)
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
![Greece’s Industrial Production Rises 5.8% in December](https://www.ot.gr/wp-content/uploads/2025/02/Industrial-production.jpg)
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
![Study Shows Athens Traffic Congestion Up](https://www.ot.gr/wp-content/uploads/2023/09/traffic-332857_1280-600x400.jpg)
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
![Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T223323Z_1406125441_RC24JBAKMTGM_RTRMADP_5_ELON-MUSK-JP-MORGAN-600x389.jpg)
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
![Make Europe Great Again in Madrid](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-08T125319Z_1806997237_RC2CQCA44ZAR_RTRMADP_5_SPAIN-POLITICS-FAR-RIGHT-scaled-1-600x400.jpg)
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
![Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-03T091846Z_527357669_RC2VIG9S7Z9U_RTRMADP_5_GREECE-QUAKE-SANTORINI_med-600x400.jpg)
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline
![Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T140924Z_1597045385_RC2QPCAWU2HK_RTRMADP_5_GREECE-QUAKE-SANTORINI-CONSTRUCTION-scaled-1-600x450.jpg)
Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity
Ongoing earthquakes rattle Greece's Cycladic islands, but experts believe activity may be slowing.
![Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report](https://www.ot.gr/wp-content/uploads/2025/02/sant-600x352.png)
Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report
The areas directly affected by the tremors account for approximately 4% of both the country's annual tourism revenues and the total annual turnover in the accommodation and food service sectors