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Juggling two mortgages and part-time jobs, Saudi academic Abdullah finally came close to building his own home, but the kingdom's coronavirus-triggered austerity drive has dealt a crushing blow to his dreams. Saudi Arabia has announced a tripling of its value added tax from July and halted a monthly allowance to state employees from next month as oil prices collapse, while simultaneously going on a buying spree of overseas assets including an English football club. The shock move underscores Crown Prince Mohammed bin Salman's risky strategy to further erode a once generous welfare system, leaving the mostly young population to cope with a new reality of reduced incomes, fewer jobs and a lifestyle downgrade.

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