Gen Z’s latest and greatest contribution to the culture? Doing nothing.

A growing number of Zoomers are refusing to embrace adulthood, according to statistics — choosing instead to be NEETs, Fortune reported.

NEET stands for “not in employment, education, or training” — and the lifestyle is thought to be contributing to record levels of youth unemployment around the world.

About one-fifth of people ages 15 to 24 in 2023 are currently classified as NEETs, according to the International Labour Organization.

It’s not exactly clear what is causing sizable Gen Z cohort to ditch the workforce, but research has frequently shown that the group is struggling to hit life’s traditional milestones —- since they’re earning less and accumulating more debt.

A recent study from credit reporting agency TransUnion found that people in their 20s today are taking home a salary of about $45,500, while millennials were earning $51,852 at their age when adjusted for inflation.

In November 2023, a survey revealed that Gen Z and millennial adults are facing more difficulties than their parents did when it comes to achieving milestones in the workforce.

Of the 1,039 young adults surveyed, aged between 18 and 34, 55% said it’s “much harder” to buy a home, 44% said it’s harder to find a job, and 55% said it’s harder to get promoted, according to the Youth & Money in the USA poll by CNBC and Generation Lab.

https://nypost.com/2024/06/21/lifest...ut-what-is-it/

The true amount is way higher than 20% then if they are including 15 year olds because most of them are still in school. Should be 18-24 year olds.