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Unemployment and its consequences is one of the worst social problems facing the world today. Increasing globalisation, making it easier to export jobs, is only adding to the problem. The biggest battalions in the reserve army of the unemployed are young people and those in ‘late career’. Focusing on the former, the study summarises and evaluates the growing body of research findings on the consequences of unemployment on leisure, family and lifestyle. It shows how victims are in an unfortunate situation experiencing material and psychological deprivations and how it affects health and lifestyles of young people. About the Author Francis Lobo is the Senior Honorary Research Fellow in the School of Marketing Tourism and Leisure at Edith Cowan University in Perth, Western Australia. During the 1990s he researched into the late career unemployment and its impact on self, family and lifestyle. He was awarded the Wal Okay prize for outstanding research on older people in 1995. This was followed by research into the unemployment of young people.  He is the Editor-in-Chief of the “World Leisure” Journal and President of the Research Committee 13 of the International Sociological Association. He is currently involved with numerous projects on leisure and tourism issues.