The Virtues of a Summer Job
The share of teenagers working summer jobs had dwindled for years, but the numbers have come back a bit in the last couple of years. It’s a change applauded by educators and financial advisers alike.
“Summer jobs are a great idea,” said Laura Levine, chief executive of the JumpStart Coalition, a nonprofit group that promotes financial literacy. “Money management begins with how to get that money in the first place.”
Working a summer job is less common among teenagers than it once was, according to an analysis published this month by the Pew Research Center. As recently as 2000, roughly half of those between the ages of 16 and 19 worked summer jobs, but that proportion dropped to about 30 percent during the financial crisis. Last summer, it rose to 35 percent.
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