By Chris Wack

Prudential Financial Inc. (PRU) is committing more than $180 million through 2025 to support young people from age 15 through to age 29 worldwide who lack access to school, training or regular jobs.

This segment of people is often referred to as opportunity youth, and Prudential said in a release that this is the largest financial private-sector investment in this group.

"Businesses like ours have a role to play in ensuring that global economic progress benefits all members of tomorrow's workforce," said Prudential Chairman and Chief Executive Charles Lowrey.

Prudential said its investment will help young people across the globe gain the right skills to compete for and succeed in quality jobs.

This population segment accounts for 350 million people worldwide, and Prudential said this investment will support dedicated partnerships through grants, corporate contributions and impact investments to improve financial security for youth in more than 70 countries.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 23, 2019 10:47 ET (14:47 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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