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Meet the 'disconnected youth': A growing group of Gen Zers who aren't working or going to school
Juliana Kaplan, Ayelet Sheffey, and Noah Sheidlower Apr 3, 2024, 6:00 AM ET
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https://www.businessinsider.com/gen-z-increasingly-no-income-cannot-retire-or-buy-houses-2024-3?amp
One in three Americans ages 18 to 24 have no income, according to a new report.
Younger Americans are also increasingly depressed and not enrolling in college.
An analysis from the St. Louis Federal Reserve looks at the fate of younger workers.
Gen Zers might be reshaping the world of work — but only if they have a job. And, for many, that might not be the case.
New research from the St. Louis Federal Reserve's Institute for Economic Equity delved into the challenges young people aged 18 to 24 are experiencing in today's economy. They found that more than one in three have no income at all.
In particular, the researchers looked at a group dubbed "disconnected youth," who aren't working and are also not in school. As of 2022, disconnected youth comprised 13% of this age group; that share has been rising overall since 1998, according to calculations from the Federal Reserve Bank of Dallas.
Juliana Kaplan, Ayelet Sheffey, and Noah Sheidlower Apr 3, 2024, 6:00 AM ET
Share
https://www.businessinsider.com/gen-z-increasingly-no-income-cannot-retire-or-buy-houses-2024-3?amp
One in three Americans ages 18 to 24 have no income, according to a new report.
Younger Americans are also increasingly depressed and not enrolling in college.
An analysis from the St. Louis Federal Reserve looks at the fate of younger workers.
Gen Zers might be reshaping the world of work — but only if they have a job. And, for many, that might not be the case.
New research from the St. Louis Federal Reserve's Institute for Economic Equity delved into the challenges young people aged 18 to 24 are experiencing in today's economy. They found that more than one in three have no income at all.
In particular, the researchers looked at a group dubbed "disconnected youth," who aren't working and are also not in school. As of 2022, disconnected youth comprised 13% of this age group; that share has been rising overall since 1998, according to calculations from the Federal Reserve Bank of Dallas.
