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Digital Wallet Glossary

Word or Term Short Definition Long Definition Example Reference
NEET Acronym - Not in Education, Employment or Training This acronym is used to describe usually under 25s, rather than older people. It is usually desirable for a young person to be in education, employment, or training, so this is seen as a negative thing. "The seasonally adjusted rate of young people aged 15–24 years who were not in employment, education, or training (NEET) rose to 12.4 percent in the March 2018 quarter, up from 11.8 percent in the December 2017 quarter. The NEET rate was 12.7 percent a year ago."