"All my plans were ruined": COVID's economic toll on young Americans

“I have no idea what I’m doing right now. My plans were completely ruined by all of this,” said Little, 26, who was working as a valet before he was laid off in April. “There are no jobs out there even nationwide for entry level architecture grads, there is no real end in sight, and with my girlfriend not having any income because she’s also in architecture, it’s causing tension that wouldn’t normally be there.”…

From spring 2019 to spring 2020, unemployment among adults ages 16 to 24 increased from 8.4% to 24.4%, compared with an increase of 2.8% to 11.3% for adults 25 and older. Young Black (29.6%), Hispanic (27.5%), and Asian American (29.7%) workers are experiencing even higher rates of unemployment. One-third of young Americans in the current labor market are classified as underemployed.

Lane Klumb, 24, of Winona, Minnesota, was furloughed from his job in retail in March 2020 and wasn’t recalled until October, for a seasonal position.

“Between all the bills I accumulated during my furlough, I am still currently paying off credit cards, as I needed to max all of my cards out just to pay my bills and have food,” he said.