One in five millennium children at risk of being NEET, finds report
One in five children born in 2000 are at risk of not being in education, employment or training (NEET), a new report is warning.
The report from Impetus-PEF found that 120,888 children born in the millennium are at risk of becoming NEET, leading to them earning 11% less a year than their peers well into their forties. The figures in the report also show that those who were once NEET will lose up to £50,000 in earnings compared to a non-graduate peer who has never been NEET.
Jenny North, director of policy and strategy at Impetus-PEF, said: ‘Our report reveals a damning set of statistics and we are calling on Government for bold reform to address this pressing social and economic crisis.
'Britain needs a vision for the youth labour market, one which recognises that our NEET problem is structural and long-term, not just a hangover from the recession. Every child has the right to skills and access to opportunities to pursue a full and rewarding life. It is time to make NEETs history.’
Impetus-PEF is calling on the Government to create a new cabinet minister position to oversee school-to-work transitions, and for the Pupil Premium to be paid to schools based on results rather than upfront.