This policy brief summarises key findings from the fifth call in the Young Lives phone survey, conducted between October and December 2021, and is informed by the previous COVID-19 calls, as well as longitudinal data collected since 2001 through regular in-person surveys. The brief builds on previous policy recommendations from our phone survey, highlights how the pandemic, alongside climate change and conflict, is continuing to have an adverse impact on the lives of young people in low- and middle-income countries, and presents emerging policy recommendations in response to this impact.