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.
