The Financial Times revealed the toll that the pandemic is taking on the under-30s

“Young people are freaking out

A new global survey by the Financial Times revealed the toll that the pandemic is taking on the under-30s. And how that’s translating into increasing anger towards older generations.

According to the OECD, those aged 25 and under are 2.5 times more likely to be without a job because of the pandemic as those between 26 and 64.

One signal of chaos that the pandemic is wreaking on the young? The number of US 18 to 29-year-olds living with their parents is the highest ever recorded, beating even the spike during WWII.

Deep structural forces – stagnant wages, rising house prices, an oversupply of graduates – have been afflicting young people for two decades. Megacities in the Global North are full of 28-year-old graduates with ‘good jobs’ who still live with their parents. Now, the pandemic has delivered a brutal gut punch.”