Career

Perks of Teens at Work

KAHOOT�VERSION

1. Why do economists pay attention to employment rates so often?

a) To determine the health of the economy

b) To understand the value of certain jobs

c) To analyze college application trends

d) To explore the impact of economics education

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

1. Why do economists pay attention to employment rates so often?

a) To determine the health of the economy

b) To understand the value of certain jobs

c) To analyze college application trends

d) To explore the impact of economics education

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

2. How many teens had summer jobs in July 2022?

1. 7 out of 10 teens
2. 4 out of 10 teens
3. 3 out of 10 teens
4. 1 out of 10 teens

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

2. How many teens had summer jobs in July 2022?

• 7 out of 10 teens
• 4 out of 10 teens
• 3 out of 10 teens
• 1 out of 10 teens

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3. What is one benefit of receiving a paycheck from a summer job?

1. It helps teenagers manage their money and create a budget
2. It allows teenagers to invest in expensive real estate properties early
3. It allows teenagers to avoid any and all taxes
4. It teaches teens the impact of volunteer work

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3. What is one benefit of receiving a paycheck from a summer job?

• It helps teenagers manage their money and create a budget
• It allows teenagers to invest in expensive real estate properties early
• It allows teenagers to avoid any and all taxes
• It teaches teens the impact of volunteer work

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4. How can teenage workers avoid paying check cashing fees?

1. By investing some of their paycheck in a custodial Roth IRA
2. By working irregular gig jobs instead of traditional summer jobs
3. By managing their money wisely and creating a spending plan
4. By opening a bank account and receiving direct deposits

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4. How can teenage workers avoid paying check cashing fees?

• By investing some of their paycheck in a custodial Roth IRA
• By working irregular gig jobs instead of traditional summer jobs
• By managing their money wisely and creating a spending plan
• By opening a bank account and receiving direct deposits

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5. Data shows that the relationship between part-time work and confidence/savings is:

1. Part-time work has no impact on confidence or savings
2. Part-time work boosts confidence and savings
3. Part-time work only affects confidence, not savings
4. Part-time work only affects savings, not confidence

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5. Data shows that the relationship between part-time work and confidence/savings is:

• Part-time work has no impact on confidence or savings
• Part-time work boosts confidence and savings
• Part-time work only affects confidence, not savings
• Part-time work only affects savings, not confidence

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PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

You’ve completed the exercise, now it’s time to learn

more about the current event:

PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

Discussion Prompt:

Will you get a summer job? Why or why not? What are the pros and cons of working over the summer?

PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Three Relevant Resources from NGPF:

• Your First Job (Lesson)
• Career (Unit)
• What is the most commonly held job for teenagers? (Question of the Day)

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References:

• Teens Can Expect a Strong Summer Market (NY Times)
• Teens face slower summer job market. Here’s where they’ll get hired (CNBC)
• The Value of a Summer Job (Wharton)
• Teen workers are in high demand for summer and commanding better pay (9 News)
• Earning Their Own Spending Money A Valuable Lesson For Teens (Hartford Courant)

PERKS OF TEENS AT WORK JUNE 2, 2023 EDITION | NEXT GEN PERSONAL FINANCE