Recent data from the Ministry of Social Development shows the number of 18-19-year-olds on the Job Seeker Work Ready allowance went from 5970 in August 2019 to 11,105 in August 2020. That’s an increase of 5135 young people on the benefit – or a rise of 86 per cent.

The number of 20-24-year-olds on the same allowance went from 14,220 in August 2019 to 26,268 in August 2020. That’s 12,048 more people on the allowance or an increase of 84 per cent.

In comparison, people seeking Job Seeker assistance in the 40-44-year-old age group went from 6774 in August 2019 to 9949 in August 2020 – an increase of just more than 46 per cent. Read more via NZHerald

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FinTech Silicon Valley podcasts are focused on educating and highlighting FinTech in Silicon Valley to the global community both through video and audio. These podcasts are short and fun, one on one interviews by FinTech Silicon Valley journalists with experts and investors on how they are contributing to the community and what their perspective is on the future of FinTech.

Yash Patel is General Partner at Telstra Ventures, a San Francisco-based VC firm that differentiates by generating revenue for its portfolio with strategic channel partners and customer relationships as well as by using data science to drive its investment process. Yash's focus is on the consumer side of fintech, Web3, crypto, esports, gaming, SaaS apps, ecommerce, and marketplace. Some of his standout fintech investments while at Telstra Ventures are companies like Super.com (Super Apps) and Playbook (next-gen wealthtech). Previously, Yash was the Director of Corporate Development & Strategy at Adknowledge and was part of the technology investment banking team at Jefferies & Company prior.