Young people are among those who suffer the most from the effects of inflation, as their wages are low and a large proportion of them are used to rent housing.
Although the increase in prices is slowing down, the fact is that the increase in CPI still affects this level of the population in a particular way.
There is a way to deal with this situation Requesting available financial aid. Its important to know which ones are still valid in 2023 and if there is a new one you can request.
Young people are entitled to some benefits that can make their daily life easier, for example, a rental bonus or aid for the unemployed.
are below Financial Aid for Young People You Can Request in 2023:
youth rental voucher
Youth Rental Bond is a 250 Euro per month help Which can be extended for 24 months. You must be between 18 to 35 years of age to access it. This help will be available during 2023.
To be able to enjoy it, the maximum rental amount must be up to 600 Euros per month, although it can be increased by the autonomous communities to 900 Euros per month, it can be even higher in some cases.
Additionally, your income from work cannot exceed 3 times the IPREM, Which is 23,725.8 Euro per year.
Where has the minimum wage increased the most in 2023? Competition to reduce inflation in European countries
The maximum price for renting a room is 300 Euros per month, which can be extended up to 450 Euros. The house should be your habitual and permanent residence, recognized with the registration certificate.
youth cultural voucher
This assistance includes economic incentives to promote the consumption of cultural products in the population.
Everyone who has reached the age of majority in the current year is entitled to a Youth Cultural Voucher.
The aid amount is 400 Euros. This amount cannot be spent on a single purchase, but must be spread over different products.
These are the purchases the Cultural Voucher for Young People allows:
- Live Show: 200 Euro for tickets to concerts, plays, movies or museums.
- Physical Products: 100 Euros to spend on books, press, magazines, CDs, DVDs or Blu-rays.
- Online Products: 100 euros for digital consumption of a cultural nature, for example, the purchase of books in this format or subscription to music or audiovisual platforms.
The card does not include bullfights, gastronomy or sporting events.
The Youth Cultural Bonus must be spent within a maximum of one year, otherwise the money left on the card will become unusable.
Help for unemployed youth
unemployed youth will be able to deposit aid of 480 euros for a maximum period of 30 months.
To do this, it is necessary to meet a series of requirements, for example, being in the legal status of unemployment, being registered as a job seeker and having family responsibilities, such as being in charge of a child under the age of 26. Happen.
You must also demonstrate that the monthly income is less than 75% of the minimum interprofessional wage, ie 750 Euro per month.
Regarding age, it is mandatory be between 16 and 30 years old Asked for help from unemployed youths.
more budget for scholarship
Spending on education to increase by 6.6% in 2023. This will translate into an increase of 390 million euros in scholarships compared to 2022, Furthermore, the increase compared to 2018 will be 1,000 million euros, as the Ministry of Education puts forward.
Increased investment will allow more students to benefit from these study aids. The average amount of scholarship will also increase, especially for students from rural areas who need to travel.