Using comparative data on educational level and type of education completed, occupational status and income level, on the one hand, and measurement(s) of subjective well-being and job security , experiences of unemployment and work-life balance, on the other, from Round 5 (2010-11) of the cross-sectional European Social Survey, we will try to highlight patterns on how European youth (generally defined as people between 18 and 34 years of age) perceive their life chances in times of supposedly big investment in ‘human-capital formation’. Variables such as gender, age, ethnic or religious group, type of area, household composition, parental education and occupation and family income are also taken account in order to control for significant ‘personal’ and ‘external’ influences.