Affected are a range of young people, from high school dropouts, to college grads, to newly minted lawyers and MBAs across the developed world from Britain to Japan.

half of college grads under 25 that do hold jobs are working in a position that doesn

The number of young Americans without a job has exploded to 53.4 percent

only 30 percent [of Turkish youth] go to school and 30 percent work. This means that almost 40 percent, or 5 million young people, have no proper education and/or are unemployed.

But in fact a whole generation of young adults is likely to see its life chances permanently diminished by this recession