Global unemployment is on the rise with a third of the world’s active youth population, about 71 million youth, either unemployed or living in ‘working poverty’. Several factors including market conditions have made it difficult for young people to secure jobs, and the current global rate of youth unemployment stands at 13% (ILO, 2018) – three times that of the adult employment rate.
Young people around the world often have little say in how economic policies are shaped and implemented. Feelings of exclusion, disempowerment, disillusionment and lacking confidence are commonly held among youth towards economic systems, who feel their prospects of financial security are lowered.