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Alan Milburn

๐Ÿ‘ค Speaker
583 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
271. Youth unemployment - a national emergency?

So the profile's changed.

The Rest Is Money
271. Youth unemployment - a national emergency?

But the really, really worrying thing that has changed is two things that are related.

The Rest Is Money
271. Youth unemployment - a national emergency?

The first is...

The Rest Is Money
271. Youth unemployment - a national emergency?

There's been a doubling in the number of young people who are NEAT, who report a health condition over the last 10 or 15 years.

The Rest Is Money
271. Youth unemployment - a national emergency?

And very many of them report a mental health or a neurodivergence condition like ADHD or

The Rest Is Money
271. Youth unemployment - a national emergency?

Yeah, autism.

The Rest Is Money
271. Youth unemployment - a national emergency?

So that's a really exponential rise.

The Rest Is Money
271. Youth unemployment - a national emergency?

This is definitely a more anxious generation.

The Rest Is Money
271. Youth unemployment - a national emergency?

There's no doubt about that.

The Rest Is Money
271. Youth unemployment - a national emergency?

So that has had a knock-on effect into the nature of...

The Rest Is Money
271. Youth unemployment - a national emergency?

youth unemployment, because it's no longer about unemployment, it's about detachment.

The Rest Is Money
271. Youth unemployment - a national emergency?

61% of this close to 1 million young people are economically inactive.

The Rest Is Money
271. Youth unemployment - a national emergency?

That means that they're not looking for work.

The Rest Is Money
271. Youth unemployment - a national emergency?

And if you're not looking for work, and if you don't have work in your early 20s, the chances that you're going to be in work in your 30s and 40s diminish exponentially.

The Rest Is Money
271. Youth unemployment - a national emergency?

And here's the most shocking statistic I've come across so far of many.

The Rest Is Money
271. Youth unemployment - a national emergency?

45% of 24-year-olds who are not in education, employment, and training have never had a job.

The Rest Is Money
271. Youth unemployment - a national emergency?

And if you haven't had a job by your mid-20s, your chances of getting a job in your 30s, 40s, 50s has a long-term scarring effect.

The Rest Is Money
271. Youth unemployment - a national emergency?

You can quantify it, actually.

The Rest Is Money
271. Youth unemployment - a national emergency?

On average, they could lose up to a million pounds worth of income during their lifetimes.

The Rest Is Money
271. Youth unemployment - a national emergency?

But that's on the tip of the iceberg.