[ad_1]
Lost work and income
The loss of jobs was one of the main consequences of COVID-19 for young people. 2021 March. almost 3 million young people under 25 years of age were unemployed in the EU. Youth unemployment in the EU is estimated to have increased by 15% since the start of the pandemic. up to 17 percent.
At one point, Lithuania’s youth unemployment rate was one of the highest in the EU (fourth place). However, the situation is gradually improving. Most recently in July. According to Eurostat, youth unemployment in the EU as a whole reached 16.1%, or 2.5 points less than a year ago, and youth unemployment under 25 in Lithuania decreased 3.1 points to 19.2 % during the year.
It is worth noting that official unemployment statistics do not reveal the true extent of the pandemic’s impact, as it only captures young people who are not working and are actively looking for work.
The loss of income for young people is also a clear consequence of COVID-19. In addition to the young people who lost their jobs during the pandemic, those who are still working have lost their income. The European Youth Forum report on the consequences of COVID-19 for young people states that more than one in four (28%) young workers lost their income drastically during the pandemic.
The loss of income for young workers is concerning, as they generally receive lower wages than other age groups. In the EU, more than one in four young people receive a minimum wage, compared to one in ten adults.
The loss of income and work also had important consequences for the psychological condition of the young people: during the pandemic, the worries, anxiety and stress of the young people about their future increased significantly.
Lithuanian youth faced the same problems. According to the economist and a representative of youth organizations, it is young people who have suffered the most during the pandemic, and with the scars caused by the pandemic, they will still have to live long. How will the effects of the pandemic affect their careers and pensions, and how will they have to live with mounting public debt? Delphi experts interviewed.
The pandemic affected the two groups more
[ad_2]
