The Wall Street Journal notes that teenagers are missing out by not getting summer jobs. There is some chatter within about globalization, competition, and class structure that affects what teens get the opportunity to do, but I believe the overall premise is correct. A summer job is part socialization…it’s real-world experience. It’s also part financial responsibility – learning how to work and save before spending. There is something of a loss for the latter in the “real world” these days, and that something is pretty hard to deny.
Case in point: Laura Rowley thinks the path to fiscal education starts with getting your kids a credit card.
This concludes our irregularly scheduled broadcast.