Economic and social policies in Cyprus deepen challenges for younger generations, mirroring US concerns
Cyprus faces growing concerns over the economic and social disadvantages experienced by its younger generations, although no explicit government policy resembles the "war on the young" described in the United States. Since the 2008 global recession, youth unemployment surged dramatically, reaching a peak of 37.5% in early 2014, with many recent graduates struggling to find decent employment. Despite Cyprus's economic recovery since 2015, government policies have largely favored low-productivity sectors dominated by established business interests, resulting in limited opportunities and low wages for young people.
Young Cypriots are also increasingly priced out of the housing market due to surging property prices outpacing income growth. Tax policies favor wealthy older generations and property owners, while low-income youth bear a disproportionate burden. Weak protections against nepotism further restrict career advancement for many qualified young individuals.
While Cyprus has not institutionalized discrimination against youth, as seen statistically in the US and highlighted by Professor Scott Galloway, systemic economic and social factors continue to create significant hurdles for younger generations seeking financial stability and upward mobility.
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