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One Unemployed Youth Costs Taxpayers $14,000 Each Year

By Pat Garofalo on January 18, 2012 at 12:25 pm

"One Unemployed Youth Costs Taxpayers $14,000 Each Year"

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According to work done by researchers from Columbia University and the City University of New York, each unemployed youth — someone between the ages of 16 and 24 who is in neither work nor school — costs taxpayers nearly $14,000 dollars per year in direct costs for things like medical bills and government aid, while ultimately creating a “social burden” of more than $37,000 annually (when accounting for the costs of crime and lost tax revenue). As the Atlantic’s Jordan Weissmann noted, the current generation of unemployed youth “will cost taxpayers $437 billion over the next five years, and $1.15 trillion over the course of their lifetime.”

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