Teenager’s awareness of family financial issues seems to be on the rise. Concern over parent’s ability to put food on the table, a decrease in the availability of part time work has been reflected in the Auckland university survey. Does this really mean the problem is getting worse? Or are parents communicating to their teens more about financial matters than they have in the past?
A recent university of Auckland survey of 8,500 teenagers in 91 secondary schools as quoted in the NZ Herald has found some interesting (but maybe not surprising) results around what is happening in the household around money. Teenagers are less likely to have a part-time job than the teenagers in 2001, where 49% of them had jobs compared to 26% in 2012.
It is quite easy to look at this statistic and say it is simply due to the global recession so there is less work around for teens, although I am sure there is an element of truth to that.