Brussels

Young adults without occupations draining 2% off Italian GDP

'NEETs' costing taxpayers 32.6 billion euros

Young adults without occupations draining 2% off Italian GDP

Brussels, October 22 - Young adults who are not studying or working are draining as much as 2% off of Italy's GDP, an employment report said Monday. Young people aged 15 to 29 and classified as NEETs - not in education, employment or training - are costing the Italian economy as much as 32.6 billion euros, said the report by Eurofound. Across Europe, NEETs number about 14 million and are draining as much as 1.2% off of regional GDP - approximately 153 billion euros in state welfare and lost production.

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