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Failure To Launch: Is Your Child A NEET?

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By on Relationships Smart Living

Orlando, Fla. (Ivanhoe Newswire) — The American dream includes raising kids who grow up to lead successful, independent lives. But what happens when your young adult gets stuck, neither working nor in school? They’re called NEETs — not in employment, education, or training, and the number of NEETs is growing. NEET

You spent years guiding them, helping with homework, driving to soccer practice, teaching them responsibility. Then one day they’re supposed to spread their wings. But what if they never fly? What if they stay grounded on your couch, game controller in hand? They might just be a NEET.

“A NEET is someone who is not employed, is not actively or currently seeking education and is also not actively, trying to learn a trade or is training for a specific vocation,” said Edliz Vazquez, LPC, LMHC, NCC, National Certified Counselor.

According to the International Labour Organization, more than 23 percent of young adults are considered NEETs. With a competitive job market and skyrocketing living costs, many feel stuck. And it’s not just about motivation.

“The labor market is also very volatile with an increase in layoffs in the federal and private sector,” said Vazquez.

For many, the cost of higher education is a roadblock. The price tag for an in-state four-year public university? More than $11,000 a year.

“A lot of young people are afraid of racking a lot of student loan debt,” said Vazquez.

So, what can parents do? Encourage a part-time job or volunteering.

“It helps create structure and a routine where you’re getting accustomed to and used to the idea of showing up somewhere,” said Vazquez.

Promote skill-building. Even if college isn’t an option, trade schools, online courses, or certifications can provide opportunities, and focus on networking. The goal? Getting NEETs moving toward the future, one step at a time.

Parents, it’s never too early to start helping your child launch. Early engagement and support are key to helping young adults achieve independence. Additionally, parents can foster financial literacy even with their pre-teens by discussing budgeting, saving, and credit, equipping their children with essential money management skills for the future.

Contributors to this news report include: Milvionne Chery, Producer; Bob Walko, Editor.

To receive a free weekly email on Smart Living from Ivanhoe, sign up at:  http://www.ivanhoe.com/ftk 

Sources:

https://www.bls.gov/news.release/pdf/empsit.pdf

https://fortune.com/2024/06/21/gen-z-neets-not-in-employment-education-or-training/

https://ilostat.ilo.org/blog/assessing-the-current-state-of-the-global-labour-market-implications-for-achieving-the-global-goals/

https://research.collegeboard.org/trends/college-pricing/highlights

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