Close Close

Portfolio > Economy & Markets > Economic Trends

Northwestern: Slump Hits Millennials Hard

Your article was successfully shared with the contacts you provided.

About 25% of U.S. teenagers will be unemployed this summer., a program backed by the Northwestern Mutual Foundation, Milwaukee, and the National Council on Economic Education, New York, has published that figure in a summary of results from a recent survey of about 800 people who visited website.

Despite the state of the job market, 5 million teenagers will start summer jobs this year, estimates, based on visitor responses. also asked visitors to rate how well they managed the money from their summer job.

Only 20% gave themselves an A, saying they had a budget and saved a lot, and 40% gave themselves a C or F, admitting that they spent much or all of what they earned from their first summer job on unnecessary things.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.