Strengthening the Economic Foundation for Youth and Young Adults During COVID & Beyond

While COVID 19 has had dramatic impacts on all segments of society, Generation Z will likely bear the greatest financial brunt of this crisis. Inheriting a society filled with structural economic inequities, poor prospects for quality employment, and the inevitability of untenable future student loan debt will cause significant economic insecurity for this generation.  In fact the unemployment rate for young workers ages 16–24 jumped from 8.4% to 24.4% from spring 2019 to spring 2020, representing four million youth. While unemployment for their counterparts ages 25 and older rose from 2.8% to 11.3% the Spring 2020 unemployment rates were even higher for young Black, Hispanic, and Asian American/Pacific Islander (AAPI) workers (29.6%, 27.5%, and 29.7%, respectively.

For low-income BIPOC youth without a financial safety net these combined factors may mean financial devastation. It will impact their financial and economic lives not only during the pandemic, but over the longer term as they strive, save, and build financial stability for their future.

Join us on November 10th as we hear from a variety of voices including a thought leader, a practitioner and impacted youth. Learn about how to build financial security for youth (16-24), which not only responds to the current moment but also builds a solid foundation for their economic success.  Investing in youth now will lead to future dividends in helping them not only survive but more importantly, thrive.