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EACEA National Policies Platform: Youthwiki
Iceland

Iceland

4. Social Inclusion

4.1 General context

On this page
  1. Main challenges to social inclusion
  2. Definitions and concepts

Main challenges to social inclusion

The main challenge regarding social inclusion of young people is financial in nature. Increase in disposable income among people under 30 years old has fallen behind other age groups. According to an analysis made by Arion Bank in Iceland, for the period 1990 – 2014, average disposable income overall in Iceland has had 41% increase. At the same time the average disposable income for people aged 16-19 decreased 17%. People aged 20-24 experienced 13% increase in disposable income, and 25-29 experienced 13% increase.

This has an effect on many things regarding the social inclusion of young people. For instance, while the increase in housing prices has been proportional to the increase in disposable income overall, the fact that young people have fallen behind in that respect makes it harder for them to buy their first property.  As a result, many young people are staying at home longer than before.

 

Definitions and concepts

There are no specific definitions or concepts which could potentially draw an external reader’s understanding, of the information provided here, into question.