“Summer employment can introduce teenagers to the benefit of savings, not only for short-term purchases but also for long-term security, said John Lanza.”
– Ann Carrns, New York Times personal finance writer
Chief Mammal John Lanza was recently featured in a New York Times piece detailing the summer job outlook for teens. After reviewing the forecast in terms of open positions and hourly wages, personal finance writer Ann Carrns poses the following questions:
- Why should teens, who are often busy with academics and extracurriculars during the school year, find summer jobs?
- What are some strategies for securing a seasonal position?
- Into what type of account should teens consider depositing their summer earnings?