How many young entrepreneurs do you see knocking about making some serious money? When I say young, I mean people under 25? There is a reason for that and here is my opinion why… Instant Gratification vs Pain We are young. We are wild. We are free. However, being an entrepreneur requires that you are anything but that. We live in an instant society, where people can get things on tap. Fast food. Fast books. Self-service checkouts. As a society, we are being
According to an analysis of official figures, youth unemployment rate is worst for 20 years, compared with overall figure. Young people 16 to 24 year olds are nearly three times more likely to be unemployed than the rest of the population. The number of people aged 16-24 who are not in full-time education or employment has increased by 8,000 over the last quarter. With 498,000 in that age group without a job, an analysis by the House of Commons library for
Research from uswitch found the picture is much worse for some age groups than for others. Almost six in ten (57 per cent) of 18 to 34 year olds have been rejected for credit, or only offered products at higher rates. Of these young people, 65 per cent have been turned down for credit multiple times. A quarter of 18 to 34 year olds have been turned down five times or more, amounting to more than one million people. In addition to
“Long-term youth unemployment is a national disgrace that can leave a life-time scar.” The words of one of the UK’s most influential businessman, director general of the Confederation of British Industry (CBI) John Cridland. He said parents, teachers and businesses must take responsibility for tackling the problem. Figures from the ONS show there are 188,000 18 to 24-year-olds who’ve been unemployed for more than 12 months. While that figure is down 10% in four years it is still lagging behind the fall
