Posted 4/3/2024, 10:00:00 AM
Over a Third of Young Adults Have No Income as Disconnected Youth Rises
- Over 1 in 3 Americans ages 18-24 have no income, according to a St. Louis Fed report
- The share of "disconnected youth" not working or in school has risen since the 1990s to 13%
- Lack of income hurts young people's ability to save and invest in the future
- Monthly depression rates for young adults have more than tripled since 2017
- Deepening disparities point to needs like improving access to community college and vocational training