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The Actual News

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Record number of young people fear long-term unemployment

Record number of young people fear long-term unemployment

Summary

A report shows that young people in England are more worried than before about their future job prospects and long-term unemployment. Many doubt that working hard will lead to success, and the number of young people not in education, work, or training has reached over one million.

Key Facts

  • Young people aged 16 to 21 in England feel less confident about their future success than a decade ago.
  • Only 25% of 16- to 29-year-olds believe everyone has a fair chance to succeed through talent and hard work.
  • Over one million young people aged 16 to 24 are currently not in education, employment, or training (called Neets).
  • Without changes, the number of Neets may rise by 25% to 1.25 million by 2030.
  • The report links falling confidence to factors like austerity, mental health struggles, youth unemployment, and high housing costs.
  • Poor mental health affects about 40% of young women and 30% of young men aged 16 to 24, and it lowers their belief in future success.
  • The UK government plans a £2.5 billion youth employment support package and is expanding youth centers to help young people get skills, jobs, and housing support.
  • Keir Starmer is expected to introduce social media restrictions for children under 16 due to concerns about mental health.
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