European corporations and political class are rich and benefit from high GDP stimulated by mass migration and foreign funds cornering the housing market.

But European salaries are stagnating and job security is dropping like a stone, while the cost of living is steadily rising. And public healthcare is getting terrible with months of wait for an appointment.

Spain is now used as example of a growing economy in EU but youth unemployment is high and rising and wages are peanuts compared to housing. A lot of native Spanish kids are just checking out. I guess the Spanish corporations and foreign investors are having a blast. And the boomers with their fat pensions and renting their real estate portfolio.

Of note, the same is happening even in China. I feel really bad for Gen Z.

Spain's youth unemployment halved in ten years from 57%+ to 26%.

https://en.m.wikipedia.org/wiki/Youth_unemployment_in_Spain#....

Yes, cost of living got worse. This does not in any way make the EU poor.