New Report: Economic Costs of Youth Disadvantage, and High-Return Opportunities for Change
A new report from the White House Council of Economic Advisers explores the barriers that disadvantaged youth face, particularly young men of color, and quantifies the enormous costs this poses to the U.S. economy. In particular, this report focuses on the significant disparities in education, exposure to the criminal justice system, and employment that persist between young men of color and other Americans.
The report highlights the economic costs of youth crime stating, "The average annual cost of incarceration for a single juvenile is over $100,000—far more costly than the sticker price of tuition at the most expensive college in the country or a year of intensive mentoring. This suggests that government expenditures on crime could be redirected toward higher-return investments that generate larger benefits for the wider economy."
Read the full report here.