In an extremely tough year, young people are letting their voices be heard through organisations such as The Prince’s Trust, expressing how they’re feeling about the pandemic, their careers, and mental health.
In January 2021, The Prince’s Trust conducted their Youth Index, which surveyed over 2,000 Gen Z (16-25) across the UK.
The report revealed 60% of Gen Z say that getting a new job feels ‘impossible now’ because there is so much competition. A quarter (24%) claim that the pandemic has ‘destroyed’ their career aspirations.
In March 2021, The Prince’s Trust and Learning and Work Institute produced a report in support with HSBC UK that suggests youth unemployment will remain high even once the economy recovers.
The economic cost of youth unemployment, in terms of lost national output, is forecast to rise to £6.9 billion in 2022. The long-running scarring cost to young people entering the labour market in 2021, in terms of lost earnings and damage to employment prospects, is forecast to be £14.4 billion over the next seven years.
Gen Z state that they are more likely to feel anxious now than at any other time since the Youth Index was first launched over a decade ago.
The good news is there is so much support available if you’re in need. The Prince’s Trust has really stepped up during this troubling time, helping young people all over the UK build their confidence, championing them every step of the way into jobs, education, and training.