Thanks to @ –
New research from the OECD tells us 580,000 young Australians aged between 15 and 29—that’s one in ten—are not in education, employment or training. They’re neither “earning” nor “learning”, as our political leaders might say.
The cost to society is large, at over $16 billion each year.
But the cost to young people themselves is even greater.
Food for thought:
- The NEET phenomenon costs Australia about AUD 16 Billion per year, 1% of GDP
- In 2015, 11.8% of 15-29 year-olds in Australia were not in employment, education, training [Figure 1.12]
- 20% of all young Australians spend more than 12 months out of employment, education or training [Figure 2.17]
- In Australia, only 50% of apprentices completed their programmes in 2014 [Figure 4.11]
Investing in Youth – Executive Summary