SPENDING MONEY
Susan Mayclin Stephenson
The Michael Olaf Company
Tthan was necessary in the past. Quoting N e w s w e e k ’ s special issueon thefamily, Winter/Spring 1990, fromthe art icle ‘Young Beyond their Years,” by Kenneth Woodward, p. 57: “By the 80’s, three out of four high school seniors were working an average of 18 hours a week and often taking home more than $200 a month. But their jobs – often in fast-food chains – were rarely challenging, and earnings were immediately spent on cars, clothing, stereos, and other artifacts of the adolescent good life. Indeed, researchers at the University of Michigan find that less than 11% of high school seniors save all or most of the earnings for college or other long-range purposes.” In short, teenage employment has only intensified the adolescent drive for immediate gratification.
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