Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Economy & Markets > Economic Trends

Northwestern: Slump Hits Millennials Hard

X
Your article was successfully shared with the contacts you provided.

About 25% of U.S. teenagers will be unemployed this summer.

Themint.org, 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 Themint.org website.

Despite the state of the job market, 5 million teenagers will start summer jobs this year, Themint.org estimates, based on visitor responses.

Themint.org 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.


NOT FOR REPRINT

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