26 Sep '11, 1pm

Is Your Teen A Master Of Their Money? Or Slave To It?

by Sharon Lechter, founder of Pay Your Family First A recent survey by Charles Schwab showed that the average teen still expects a starting salary of US$73,000 that will grow to US$150,000 in their chosen career. However when you match this expectation with the reality of the current very high unemployment rate for the same age group… it should alert all of us that trouble is brewing for the future. The teen jobless rate is two to three times worse than the national average. Nearly 25% of our country’s teenagers are unemployed with that number being closer to 50% in our nation’s capital. (Employment Policies Institute EPI ) The problem of increased teenage unemployment extends well beyond that lost paycheck. Teenage years contain vital opportunities to harness skills through part-time employment that help shape the work ethic for their adult years. They learn about good us...

Full article: http://www.youngupstarts.com/2011/09/26/is-your-teen-a-ma...

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