Per this article and the below video from the Wall Street Journal, the answer is yes.
The statistics are staggering: teens and adults under the age of 24 have double the unemployment rate of adults 25+. The article states “Some young adults have decided to forgo college degrees, graduate school or even the search for full-time work. Others are working temporary or odd jobs just to get by. Many have moved back in with their parents.”
The video below tells the story of Cody, who has been going through this for 10 years. Watch it and think about the younger people you know. What do you think we can do to help young adults like this find career success? Or if you are someone who has had similar experiences to Cody, what do you think is the answer?