Anecdote: I'm a midwesterner and half of my siblings, most of my wife's siblings, and some of my friends' siblings are in their late 20s, have no jobs (or From the outside, they look nervous / afraid to try to get into the job market or to date people. Men & women, but it leans men. The ones in poorer families stay home all day and play video games, and the richer ones venture out to spend their parent's money at res…
If your local economy is in decline, you see more people demoralized and jobs dry up in a cycle.
I think I read the term “futureless generation” recently and that stuck with me.