Teenagers are in high demand as summer hiring gets underway
Now, teens are more likely to have a paying job over the summer and while in school compared with just a few years ago. In 2022, 37% of teens between ages 16 and 19 were part of the workforce, up from 35% in 2019, figures from the U.S. Department of Labor show.
The ability to find employment and earn more money should come as a"wake-up call" for every young adult with a paycheck, cautioned Gregg Murset, a certified financial planner and CEO of BusyKid, a savings app for kids and families."If they earn it and burn it, that's a big problem."
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