Many young adults face economic insecurity and depression, finds new St. Louis Fed report St. Louis on the Air

More than one in three young adults, ages 18-24, report zero income. Depression rates in that age group are also comparatively high. And feelings about financial stability vary notably by race. Senior St. Louis Fed researcher Ana Hernandez Kent talks through those and other findings from the 2024 State of Economic Equity report, with notes about how research can inform better support for economically disconnected youth.