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Baltimore (KTHV) - The number of young people in the workforce is now at its lowest rate since the 1950s, dropping by almost half since 2000.

According to the Annie E. Casey Foundation, nearly 6.5 million teens and young adults are neither employed nor attending school thus failing to develop essential skill sets that employers seek.

The foundation said that younger people ranging from ages 16 to 24 are often described as disconnected and are encountering greater competition from older adults in an increasingly scarce entry-level job market.

The report indicated that many disconnected young adults maybe not be able to achieve financial stability, and can become a significant cost to taxpayers as the government spend more to support them.

In addition, the U.S. Census Bureau's Current Population Survey showed that about 20 percent, or 1.4 million of these youths, have children of their own, meaning they could perpetuate an intergenerational cycle of poverty.

For the entire report complete with educational graphics, follow this link: http://bit.ly/11GfXLM