Home / FINANCE / Your Money / More teenagers are trade summer jobs to build their college résumé — here’s because it competence not compensate off in a prolonged run

More teenagers are trade summer jobs to build their college résumé — here’s because it competence not compensate off in a prolonged run

teen summer jobs
Summer jobs are value more
than a paycheck

Chris Hyde/Getty

Patrolling beaches or scooping ice cream in sell for a
paycheck has prolonged been a summer tradition for teenagers in America.

But now, teenagers are reduction expected to have a summer job than
they were even 15 years ago. 

In 2000, only over half of teenagers between a ages of 16
and 19 had a paid summer job. The volume of employed teens
forsaken to a lowest — 30.4% — in 2011, and has ticked up
somewhat given then. Last summer, 34.5% of teenagers were able
to find work during a summer, according to a Drexel report

Teenage summer practice appearance in 1978 during 71.8%, according
to data
from a Bureau of Labor Statistics,
as Business Insider formerly reported. 

I recently seemed on
CBS This Morning to speak about this pattern.

6 21 17 teen jobs COTD
Insider/Andy Kiersz, information from Bureau of Labor

As we can see from a above chart, a immeasurable infancy of
teenagers work in a convenience and liberality industry, which
includes restaurants and hotels. The second largest industry,
has had a possess issues lately. Also:

It’s not that teenagers currently are lazy. Some teenagers who
wish to work are not means to find jobs, as companies hire
comparison workers who are accessible year-round.

For others, not operative is a choice. They opt to focus
instead on internships and proffer experience, to boost their
possibility of removing into their college of choice.

But there’s a lot to be pronounced for a value of a summer job,
generally when it comes to long-term financial success. 

As we told CBS anchors Anthony Mason and Dana Jacobson,
we work with the smartest people in New York City, and
some of them went to a really best schools, so we can
conclude removing into a good college. But only earning a high
income isn’t adequate to be financially independent. You
really need to know — and it sounds cheesy
— the value of a dollar. And how to conduct your
money — how to save your money.

Even if you’re creation smallest salary and bringing home $50 a day,
carrying a summer pursuit will learn we those sorts of lessons.

Watch a full review below: 

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