American teens don't want to work
A decline in summer jobs can’t all be blamed on the economy.
This post comes from Catey Hill at partner site MarketWatch.
Here's yet another thing your teenager doesn't want to do this summer: get a job.
The number of teens with summer jobs has fallen roughly 30 percentage points since the late ‘70s. In 1978, nearly three in four teenagers (71.8 percent) ages 16 to 19 held a summer job, but as of last year, only about four in 10 teens did, according to data from the Bureau of Labor Statistics for the month of July analyzed by outplacement firm Challenger, Gray & Christmas.
It's been a steady decline, seen even during good times: During the dot-com boom in the late 1990s, when national unemployment was only about 4 percent, roughly six in 10 teens held summer jobs.
Even recently, with the economy recovering, fewer teens opted for jobs: Last year's summer job gain was down 3 percent from the summer payrolls in 2012, the report revealed.
What's more, John Challenger, the CEO of Challenger, Gray & Christmas, says this is a trend that will likely continue. "We’re in a different era," he says. "Being a teen is different than it used to be."
Of course, some of this low teen unemployment can be blamed on the lackluster economy. Indeed, teen unemployment is more than 20 percent (remember that unemployment rates only measure those actively seeking jobs), in part because they are competing for jobs with other groups, including recent college grads and those with work experience.
But that can't quite explain why fewer teens are working even during periods of economic expansion, says Challenger. He says that teens who are dropping out of the workforce represent only a small portion of those not working; instead, he says, most of these teens are choosing not to work in the summer.
Indeed, there were nearly 11.4 million 16- to- 19-year-olds who were not in the workforce last summer -- and of those only about 951,000 (or 8.3 percent) said they wanted a job, according to data from the Bureau of Labor Statistics that Challenger, Gray & Christmas analyzed.
"While the number of 16- to 19-year-olds not in the labor force who want a job has remained relatively flat since the mid-1990s, the number not wanting a job has steadily increased," the report revealed.
This doesn't mean that teens are simply tanning by the pool or binge-watching Bravo (though some certainly are). Challenger says that many teens are in summer school (rates of summer school attendance are at one of the highest levels ever, he says), volunteering, doing extracurricular activities to pad their college applications and trying out unpaid internships. And all of these are worthwhile endeavors (well, minus the tanning and Bravo), especially as it becomes more competitive to get into many elite colleges.
That said, experts say that paid work has value for a number of reasons -- and that teens (even those who plan to go to college) who don’t do it may be at a disadvantage.
"It’s critical for teenagers to work, to begin to understand the working world, the value of a paycheck" says Gene Natali, co-author of "The Missing Semester" and a senior vice president at Pittsburgh investment firm C.S. McKee. “Choosing not to work a paid job has consequences."
One clear reason for this, he says, is that the money they earn can be put to good use. The average household with a teenage child has only saved $21,416 for college, according to data released this year from Sallie Mae -- far less than the $164,000 that a four-year private college will cost or the $74,000 that a public four-year in-state school will cost. And considering that for every $1 borrowed, the child will have to pay back roughly $2, saving money from a summer job can help offset student loan debt.
Plus, working in a tough, low-paying job can motivate students to study harder in college and help them get a job down the road, as many employers want to see that applicants have worked for pay before, says Dan Levin, host of the radio program "Investment Talk." "It’s valuable experience even well past age 19," Levin says.
Even if the child gets a full ride to college, she should still start saving now, says Natali. He uses this example: A child who begins saving just $3 a day from age 15 through the age of 25 and then nothing thereafter would end up with a million by the age of 65 in his Roth IRA; if the child waits to start saving $3 per day until age 35 and saves each day until age 65, he will only have about $220,000.
Plus, he says, "it’s harder to chase your dreams without the financial freedom to do so." For example, if a child graduates college and wants to spend a year writing a novel, money earned during his teen years could help fund that so he or she didn’t have to take a full-time job.
What's more, paid work can look good on a college application, says Elizabeth Heaton, a college admissions consultant and a former admissions officer at the University of Pennsylvania.
"I loved paying jobs when I saw them on applications," she says.
She says the experience can show that students can show up on time, be responsible and do a job they're hired to do, and deal with adults they aren't related to. And since many unpaid internships or volunteer opportunities are only a few days a week, many teens can balance that with a paid job (or better yet, get a paid job that is related to a field they want to study), says Natali.
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And why should they? The government will take care of them from cradle to grave. Need food there is a government program for that. Need health insurance there is a government program for that. Need education there is a government program for that. Need income there is a government program for that. Need housing there is a government program for that. Need a retirement there is a government program for that.
Why work? The government will take a large portion of your earnings to provide for those that don't.
America as a society is lazy and the children are not given responsibility to learn nor the parenting to respect anything, so why is this a surprise that they don't want to work. Our society is constantly moving toward dependancy on others or our government for housing, food, and even a job. We take no responsibility for ourselves. We are becoming a country dependant on the handouts of our goverment and the wealthy. America is a land that strives to be more and more ignorant. We penalize those who acheive and reward the bottom feeders of our country. To be poor is one thing but to chose to be poor is another. This is what America is becoming. "The land of the worthless"
GOD SAVE AMERICA !!!!!!!!!!!!!!!!!!!!!
entitlement.......they're the same as the 47%...working stiffs are just suppose to dole it out because they don't want to do squat.
They want to eat out, drink, party , but want us to cover the cost.simple as that.
From the military I was able to see what the newest adult generation generalities.
Many enjoy playing lots of video games way too much.
Easily discouraged if a job doesn't work out they leave.
Depending on the circumstances at home, if parents can and willing to take them back home, the kids don't seem to mind going back to care takers. Doesn't appear to make them feel uncomfortable or limiting as it did with my generalization of my generation.
Very different from my only decade older generation, I'm 31.
We liked our video games, still do, but tend to get bored of them quickly and move on to other things.
We're not so easily discouraged as far as pay goes, we just keep at it even if it's less money than former work. And in high school, min wage job was good. I liked my job, paid well and was great exercise.
Parents could have taken me back home after 18 and I moved out, they wouldn't have mind it so much as they told me it would let me save. But I had to because the better job I got was 50 miles away. After living on my own, I had no desire to go back home. Like living on my own and don't care to be living with family. Had roommates for nearly a decade, now just on my own.
What I don't like about the current generation, if they get too comfortable with smaller limited living conditions, ie having to live with care takers or roommates for excessive periods; they may take on smaller jobs and the economy will stink; gradually spreading to everyone as demand goes down.
I grew up on welfare and food stamps. When I turned 15 I got my first summer job and I was giving my mom most of my money to help with the bills. I was so proud that I was helping and that my parents looked to me for support. I was also proud to be seen walking down my block coming from work. I was able to buy nice summer clothes. I knew then that I did not want to live off welfare and not be able to have the things I wanted. I've been working ever since.
Summer jobs are good for teens. It builds character and a sense of purpose.
Today teens are too damn lazy and disrespectful. They don't have mentors or a will to get ahead. Its a sad future for this country.
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