Youth Report 2014

NCVYS has published the Youth Report 2014, their second synthesis of data and statistics about young people and youth services. The focus of this year's snapshot is the contribution that young people make to the economy.

Key findings include that:

• Government spending on young people through tax revenues is £52billion, and including benefit payments £60.6billion;
• Young people contribute £34.8billion to the economy through tax payments, charitable giving, student loans, savings and consumer spending;
• This contribution does not include the unpaid and un-costed time young people give as parents, young carers and volunteers, or the wealth generated by young entrepreneurs;
• VCS organisations spent £3.3 billion on 0 to 25 year olds in 2012;
• 45 percent of 16 to 25 year olds formally volunteer at least once a month;
• The UK Youth unemployment rate is 20.5 percent of 15 to 24 year olds;
• Four percent of 15 to 18 year olds consider themselves to have been in debt; and
• 60,000 young carers aged 10 to 14 provide 1 to 19 hours of unpaid care a week.

To download the Youth Report 2014 visit www.ncvys.org.uk/publications/youth-report-2014.