A high-leverage place to invest
Youth employment has a transformative effect on many indicators that affect the growth of our region and the success of our youth.
Here are a couple of ways that impact is seen.
Higher earnings
Financial Inclusion
Youth access to money, bank accounts, and financial management practices has dramatic impact
Working toward financial inclusion and financial capability for children and youth will help them in their capacity to find employment or undertake entrepreneurship and become productive and economically active members of society. [5]
A wide variety of studies suggest a positive relationship between the ownership of a savings account and higher levels of economic and financial well-being such as savings, income, and assets, as well as academic achievement and educational attainment. [6]
Strengthened communities
Youth who work become contributors to their communities
In 2014, over $500,000 in wages was returned to low-income communities through STL Youth Jobs participants. This has a direct impact on stimulating the local economy
Taxpayers Save
Investing in youth employment is a proactive way to create productive citizens and reduce the burden of unengaged youth on society
The average youth who is neither working nor in school costs taxpayers an average of $215,580. (In other words, spending up to that amount on each opportunity youth could be justified by the return to taxpayers) [9]