The document summarizes the findings of a research project conducted by youth researchers in Monterey County, California. The project examined how the current economy is impacting local youth and explored participation in both the formal and underground economies. Key findings include: 1) Many residents have less savings and spend less due to economic hardship, 2) African Americans have greater access to underground work, 3) Youth feel pressure to make money but legal work is scarce, 4) Underground work is easier to obtain than formal jobs. Recommendations call for increasing local jobs, youth employment programs, and recognizing youth contributions.