1/7 Young adults are getting rocked by this recession. If we learned anything from the #GFC, we know the recovery will be slow & costly for them. But doesn’t have to be. We can act now to prevent another “lost” generation. My take: newamerica.org/education-poli… @NewAmericaEd
2/7 Recessions hit young people hard. Recoveries reach them late. Already, youth #unemployment has topped 14%. Many students are rethinking college plans, questioning the wisdom of taking on debt in this economy. Tens of thousands of US teens are MIA from virtual HS classes.
3/7 If young people disconnect at high rates from school and the #workforce, the costs will be enormous—both to them and to our economy. The #CARES Act may provide relief to a subset, but many of our most vulnerable young adults will not benefit.
4/7 #ARRA and other relief measures during the #GreatRecession largely overlooked 16 to 24 yr olds. A decade later, those young people struggle to build wealth & accumulate assets on pace with previous generations. Economic inequality & racial wealth gaps are growing as a result.
5/7 We can't consign another generation to this fate. Young adults need help remaining connected to schools, work, and their communities. We can’t let them lose access to food, housing, transport, healthcare and pathways to better futures for themselves & their families.
6/7 Down the road, we'll need to provide flexible, accessible opportunities to get young people back on their feet, back into classrooms, and into stable, sustainable #careers careers. Programs that offer them ways to earn $ and #credentials in tandem will help speed things up.
7/7 We can’t change the fact that young people will be hit hard by this #recession. They already have been. But we can act now to prioritize their needs in the #recovery. They (and the economic future we all share) will be stronger for our efforts.
