Girls and Economy

Years from now, a movie called The Pregnancy Pact caused commotion in the U.S.  after showing a group of 15 year old girls had only one aspiration, get pregnant and marry their high school boyfriend, in order to be able to drop out of school and become only mothers and wives. This movie really caused an impact is it showed the existence of a still remaining par of ancient civilization’s rules. This is even worse considering the importance that the women empowerment has. Now at days around half the total working population is constituted by women. Around 66% of the average American female teenagers are enrolled into college whilst 64% of the average American teenage men are enrolled into college leaving a gap of 4% between the two genders.
Although few people actually have notion of it women economic empowerment has several benefits not only to the economy but to human rights., and to a better world itself in fact economists mostly state that:
Women’s economic empowerment – that is, their capacity to bring about economic change for themselves – is increasingly viewed as the most important contributing factor to achieving equality between the two genders.

But economically strengthening women is not only a means by which to spur economic growth, but also a matter of advancing women's human rights. When governments, businesses and communities invest in women, and when they work to eliminate inequalities, developing countries are less likely to be plagued by poverty. 

Women’s participation in the economy bring out several benefits to everyone that dares to invest on it, such as:

• Where women's participation in the labor force grew fastest, the economy experienced the largest reduction in poverty rates.
• When women farmers can access the resources they need, their production increases, making it less likely that their families are hungry and malnourished.
• When women own property and earn money from it, they may have more bargaining power at home. This in turn can help reduce their vulnerability to domestic violence and HIV infection.
   
• When women have access to time-saving technologies – such as a foot-pedaled water pump or a motorized scooter – economic benefits can follow. ICRW research has found that technology helps women increase their productivity as well as launch income-generating pursuits and entrepreneurial ventures. Those kind of outcomes empower women to become stronger leaders and to more effectively contribute financially to their families, communities and countries.
• Believe it or not  even in the world´s most modern countries there is an unequal distribution of jobs and salaries that benefit men.According to facts given out by the UN:
• For the last decade, median earnings for women working full time, year-round have been just 77% of men’s earnings. 
• The report controls for occupation, major, hours worked, parenthood, and many other factors to reveal that college-educated women working full time were paid an unexplained 7% less than their male counterparts were paid one year after graduation. Making it harder for women top ay their student loans.

When more women work, economies grow. If women’s paid employment rates were raised to the same level as men’s, the United States’ gross domestic product would be an estimated 9 per cent higher, the euro zone’s would climb by 13 per cent and Japan’s would be boosted by 16 per cent. In 15 major developing economies, per capita income would rise by 14 per cent by 2020 and 20 per cent by .
A study using data from 219 countries from 1970 to 2009 found that, for every one additional year of education for women of reproductive age, child mortality decreased by 9.5 per cent .
After watching this facts we could reach to the conclusion that:
Having women working and studying is a boost to our economy and to our world, women do have a very influential role in the world’s economy. 
Equal payments for both women, and men, are not only the fair deals but they are also good for our societies. 
Even though sometimes women diminish their capacities by only thinking of themselves as housewives, women can do greatly on the work fields.
Education for women influences even the most important aspects of our lives such as raising children and houses with women working are able to gain more and so they live better.

Patriarchal societies should allow education to all girls, and girls should always defend their right to have access to knowledge.

4 things a teen should know about...

DEBTS

Student Loans: While student loans are oftentimes a necessary debt, they're still money owed to someone else. And unlike many other forms of debt, this one cannot be discharged in a bankruptcy. If you had student loans, you can help your teens by telling them how long it took you to pay them down, as well as what you had to sacrifice along the way.

Car Ownership: If you don't have a car loan, you should let your teenager know your motives for paying in cash or your journey in paying down your car. If you do have a car loan, it might be helpful to explain that it's more than just a monthly payment. Sit down and run the numbers with them, demonstrating the money lost to interest. And it just might be the extra motivation you need to pay it off for good.

Credit Cards: If your 18-year-old has a pulse and a mailing address, credit card companies will find him. That's just a fact of life in the good ol' U.S. of A. Your teenagers should know the responsible ways to build credit and the dangers lurking behind every unnecessary swipe.
You can try to convince them that credit cards, like debit cards, should be paid off in full each month. If you've ever had credit card debt, your teen doesn't need to know the details, but he should know all the work that went into paying it off.

Mortgage: While a mortgage usually isn't seen as a mistake, the timing in getting one can be. Make sure your teen knows the various considerations that go into buying a home, such as the ebbs and flows of the housing market, private mortgage insurance, and interest rates. It's important to stress that there should be no rush to do the deed -- er, rather, have a deed.

What might be second nature to you is a whole new world for your soon-to-be independent teen. The more he knows about finances, the better. And sharing your personal financial experiences -- the good, the bad and the ugly -- will help. Yes, even that time you bought tickets to Twisted Sister on credit for you and your roommates. Let them learn from your mistakes -- and, in the process, keep them from making a few of their own.

Teens Guide to: Spending & Investing

Teens Guide To Investing

What is an Investment Strategy?  According to Barron’s Dictionary of Finance & Investment Terms it means:

"Investment Strategy: a plan to allocate assets among such choices as stock, bond, cash equivalents, commodities, and real estate.  An investment strategy should be formulated based on the investor’s outlook on interest rates, inflation, and economic growth among other factors.  Also taking into account the investor’s age, tolerance for risk, amount of capital available to invest, and future need for capital, such as for financing children’s college education or buying a house."

Teens Guide to Spending

As teens we have figured out how to spend money, that’s the easy part. But here are a few tips on how you can make your money go further and alert you to a few problems you might encounter.

First, you need to Know Your Needs Vs. Your Wants . When you have decided to make a purchase, where should you buy it and when? Check out the section on Shopping Choices - Stores & Catalogs and Researching & Buying On The Web. There might be some suggestion there you might not have thought about. What are the benefits of each of our buying choices and how can we obtain information about a product?

One of the first large purchases you may make as a teen or young adult is a car. Be sure to check out First Time Car Buying Tips For Teens.Finally, when you do make a purchase you may encounter a problem when you need to pay for an item. Got cash? Great! Have enough money in the bank to cover the entire amount—go for it! However, if you need to "borrow money" such as putting it on a Credit Card Changes & Managing Credit Wisely, think twice. Understand what a credit card is and what financial obligation’s you are taking on when you make a purchase using a credit card. Every time you use a credit card you are building up your very own personal credit history. Credit Bureaus obtain this information and give you a score, a FICO score, (like a grade in school) based on how much of your credit you pay off, how long it takes you to pay it and whether you payments are received on time. When a company decides to lend you money in the future, your score will determine how much they will lend you and at what rate. The section Credit History & Credit Score (FICO) is something everyone should read, even if you are not using credit now.

Teens Guide to: Save Money

This section introduces you to the Savings category.  Most of us would rather spend than save.  But sometimes we need to save in order to afford some of the bigger things we might want to buy or do in the future.  You also need to save first before thinking of investing.

One of your first steps to help you increase your savings is to open up an account in a bank.  Before you do this you need to find out about the different kinds of banks and how to select one, Selecting A Bank.  Once you have made your choice, you need to decide what kind of account or accounts to open.  This could be a checking account: Types Of Checking Accounts , or a savings account: Types Of Savings Accounts.  With a checking account you will need to learn how to use it so we provide a Checking Account Basics section.  There is also an account called Money Market Deposit Account (MMDA) Also Called Money Market Account .

Teens Guide to: Earn Money

We all would like to earn money, some of us earlier than others.  As a teen, our age and perhaps lack of experience may be a problem in getting a job.  The Government, both Federal and State, sets certain rules about the jobs teens can do.  Not only the type, but at what age, how many hours you can work, and the minimum you must be paid.

Job Search, Interviews & Questions To Ask Before You Look For A Job section explains how to go about finding a job and what questions you should ask yourself before you do.  Part of this process is creating a resume (see Building A Resume), which explains to employers who you are and what you know.

Some teens will be motivated by money and take the highest paid position we’re qualified for Paid Jobs.  However some might also consider convenience and/or environment they like—for example, indoor shopping mall versus outdoor activities.

Two other options for employment, are internships (which can be paid or unpaid) and volunteering.  Both can provide meaningful experiences and often a way to learn new skills that can help obtain a paid job in the future. Internships are ways to work in a corporate environment with a mentor in a field you’re interested in.  Internships are generally for older teens 17+, are offered during the summer, and are highly competitive.  You can volunteer (see Volunteering)in almost any type of organization.  This is a great way to gain experience and be of help to your community.

One of the downsides of employment is the need for the Government to get paid.  Even as a teen, if you are put on an official payroll of a company versus working as a babysitter, you’ll have to file a tax return. Taxes might be withheld, although if you don’t earn a lot you may get those taxes back.  But in some cases you might even want to pay taxes to start (believe it or not!) to save for retirement (Individual Retirement Account (IRA).

The Teenage Allowances

Why more money for girls than boys?

Allowances tend to be greater for girls, mostly because they experience more intense peer pressure about clothes and shop more. Guys tend to be the ones more interested in making money— and they have no problem borrowing from girls. “If I need money—like for lunch, a video game, whatever—sometimes I’ll just ask a chick,” says a private-school senior. “They’re usually cool about giving it out.”

Janet Bodnar, who writes a weekly column about kids and money for Kiplinger.com, argues that parents ought to enforce a strict allowance in order to teach money management. But she and others who study familial financial patterns say that fewer and fewer are heeding that advice. “A lot of parents, especially today, are inclined to just hand out $20 whenever kids need it,” Bodnar says. “And the kids don’t learn anything that way.” According to the JumpStart Coalition, a nonprofit that raises financial awareness, only 52 percent of high-school students have a working understanding of money. “For all our sophistication toward money, we enforce less and less real-life education on the topic,” says Laura Levine, the group’s executive director. “We give credit cards at younger ages, but with no explanation of what any of it means.”

How Much Money Does a Kid Really Need?

The predicament of Caitlin’s friend is, for the most part, a perversion unique to extreme wealth—most kids, even in New York, would be thrilled to get $60 a week from their parents. And yet for all its cartoonish pseudo-tragedy, the outburst provides a glimpse into something more universal: the ever-more-powerful role that money—and allowances, in particular—plays in the life of a teenager. Think of the allowance as a metaphor for one of the cruelest ironies adolescents confront: Your ability to act like an adult is still controlled by adults. Talk to kids, and they’ll tell you—how allowances have an incessant way of creeping up on friendships, provoking ire and envy, how they simmer with the potential to stratify friends, even inside stratospheres where that isn’t supposed to happen.

Parents are oppressed by the subject of allowance, too. “I would say that money is the most uncomfortable thing to talk about,” says a parent who’s putting a kid through private school on a salary not designed for such a burden. “Parents are more willing to call each other up and say ‘I understand there was drinking at your house’ or ‘I hear that eighth-grade girls are having sex in the locker room’ than ‘Why are you giving your kid so much money?’ ” 

The issue goes beyond just how much money to give a kid; you’ve got to consider how to give it, which raises thorny questions. Credit or debit? Should it be connected to chores? What about cash bonuses for good grades? At what point does responsibility start to repress? When does comfort veer into corruption? Sure, giving kids credit cards means you risk watching them morph into chronic shoppers, but cash might turn them into coke fiends—so what’s the lesser of two evils? “That’s the real reason a lot of us have credit cards now,” says a junior at an Upper East Side private school. “I didn’t ask for one—my parents just don’t want me to be able to buy drugs.” 

Data on allowances is hard to come by. But conversations with dozens of teenagers from public and private schools yield some rough approximations: They describe a typical New York allowance to be in the neighborhood of $20 a week, depending on whether the money is given as a simple token, a reward for specific work, a means of quieting a whiny kid, or a way of fostering self-sufficiency, requiring the child to buy his own clothes, groceries, and school supplies. Kyle Brandt-Lubart, a 16-year-old sophomore at Bronx Science, receives $45 a week, a figure she and her mother arrived at after making an extensive list of what she spends money on: clothing, transportation, food, going out on weekends. “I think it works well enough,” she says. “I learn to manage money, even if it’s on a small scale. At the same time, I’m supposed to save $5 a week, but that never actually happens.” 

And then there are the private-school kids, who—shocker!—get substantially more, between $100 and $300 a week on average, often in a combination of cash and credit and debit cards. (Such arrangements are thoughtfully facilitated by corporate America. Visa offers a card called Visa Buxx specifically designed for parents to give to kids; last year, MasterCard came under fire for issuing a Hello Kitty debit card that to some seemed targeted toward toddlers.) But these sums, while exorbitant, aren’t always being lavished on spoiled kids. Take Peter, a junior at an Upper West Side public school: He receives $100 a week from his mother, but he has to work for it—cleaning the hallways of the downtown apartment building his family owns, which alienates him from his friends, who are given money just for breathing. Not long ago I had lunch with a junior at an East Side private school who was paid an actual salary by her parents: $16,000 per year in quarterly payments, the figure increasing as she gets older; if she goes over, that’s her problem. “It’s supposed to help me understand responsibility,” she told me with a shrug, adding that while she “guesses it does,” the fact is that her parents still tend to pay for her clothes, food, transportation, everything. Which means the $16,000 ends up being something of a token. “I have stocks in some company, too,” she says, “and my dad keeps saying he’s going to explain it to me, but one of us is always too busy.” 

The Teenage Economy

In a city obsessed with money, kids are, too. And the choices parents make have powerful effects on the separate, sometimes cruel, world of adolescence. 
"I hate money!” the young girl blurted out, her cheeks flushed and quivering. And why not? Money is an issue that plagues New York kids much the way it does the adults raising them. Kids fret over not having enough money, they plot how to wheedle more, they organize social systems around who’s got how much. It’s brutal. Few, however, hate money for the same reason this girl does. Wiping her red-rimmed eyes, she added, “I wish I didn’t have so much!”

Listening to this, to her “distressed” friend, Caitlin Keating had to bite her glossed lower lip to avoid saying something rude. Can you hear yourself? Do you know how you sound? The other day you said that you and your sister were worth more than the Olsen twins! Caitlin and her friend are 15-year-olds, and they were chatting after Italian class at the Upper West Side private school where both are sophomores—a place where the kids loll about in nanny-ironed uniforms customized with Ralph Lauren and Louis Vuitton, a sanctum so dominated by money that to overtly acknowledge it is the ultimate taboo. And yet to Caitlin, it often seems like that’s all anyone does: kids hustling, kids obsessing, kids turning downright savage.

Take what had just happened: Throughout class, Caitlin had watched her friend—who came from a prominent billionaire family and was quite likely the most affluent kid in this affluent school—get chastised for being so wealthy by another student whose father worked as a fashion designer and wasn’t exactly living the hard-knock life himself. A charmingly laid-back girl, Caitlin says she has always felt older than her peers, secretly detached, and has a tendency to view her surroundings through a vaguely anthropological lens. She found the treatment of her friend to be unfair and—given that most everyone here had parents forking over 25 grand a year in tuition—ludicrous. 

But she was annoyed nonetheless. Because despite her friend’s gilded existence—despite her trust fund, despite her penthouse bedroom with remote-controlled blinds, despite the fact that even her freakin’ cats had their own bathroom—the girl never had any money. Her allowance was a flat $60 a week, a pittance in this world. The girl’s wardrobe was heavily Old Navy. She’d even had a stint in public school. She was, hands down, the poorest rich girl in the city. 

“It’s ridiculous,” says Caitlin, a few days after the incident, walking near Lincoln Center. “We go out at night, right? And I’m always paying for her cabs! We go out at lunch, and she’s like, ‘I’m sorry, I’m so broke! Can you buy me a Vitamin Water?’ Her mom’s obsessed with not spoiling her, but come on. Mooching off friends is the solution?” She pauses. All around her, parents and their kids drift in and out of stores, walking with identical struts, sporting identical clothes, spending with identical verve—squint and it becomes hard to tell the adults from the children. “And to say you wish you didn’t have so much money! What is that?”

Caitlin lets out a laugh. 

“The girl owes me at least a hundred dollars!"

Land of Immigrants

   Throughout the evolution of history and ever since there was a knowledge of the existence of this land, the United States of America has been the new land for many civilizations and ethnic groups. The earliest immigrants were of course, the Indians, people who came into this land looking for food, warmth, shelter, first people to take this territory as their homeland, later on the British came in, since the first ship, the Mayflower, to the last they were all looking for the same, a new place to settle in, later on the U.S. welcomed a new ethnic group the Africans, people with a darker color, who were forced to come into this land and settle in for good, as the country emerged and grew Europeans started to come in as well, which was increased during and after the World Wars, now at days our largest immigrant groups are the Hispanics or Latinos which are not only the largest but also the youngest .  One- in-five schoolchildren is Hispanic. One-in-four newborns is Hispanic. Never before in this country’s history has a minority ethnic group made up so large a share of the youngest Americans.

Immigration is the movement of people into a country or region, to which they are not native, in order to settle there

So if immigration has always existed, why do we make such a big deal out of it, if after all there is not a single  pure American or Canadian, or Mexican or Puerto Rican or any other country that’s part of the Americas.

Previously we´ve talked about the value of a college education, in order to succeed and how there is a large percentage of Americans that wish to obtain one and how this helps our country in so many different ways like people gaining more money and having better chances,  we have also talked about how could pregnancy affect this as very few people are able to raise a child and get a degree either high school or college, being education so important teens that become parents as they have less access to education they have less access to good jobs and this person that has 3 kids and a minimum wage and has to maintain all of his family is obviously poor, that is what happens to teen parents and sadly of the main

We could observe in our chart that taking in account the main ethnic groups young Latinos are the ones suffering the most, they have higher rates of poverty high school dropouts and pregnancy all of which is very terrifying not only for this young ethnic group but for the entire country.

But this could even get worse being a Hispanic someone that does not know the language, the culture the territory and the country itself, they are not able to get descent jobs that will help them strive through life, and also as many of them come here thanks to dangerous gangs and other things , so people that are young and that have no notion of how things are managed in the U.S.  eventually fall into poverty and this  generation starts having less chances to a better life as the cycle repeats itself.

, they are also more likely to get involved in gangs and have a short life damaging others and having a role on illegal economical activities.

But immigrants do not only have negative impacts on the economy they also have bring up many aspects and improves our economy in many ways. Immigrants specially when they are legal, have a great role in economy, facing up the facts, legal immigrants are generally entrepreneurs people who move out of their country to start a new business in a different place where they think they would have better opportunities . They usually come in with fresh and different ideas and methods, things that would help the country and will open up the minds of many Americans.

There are also large groups of Latinos that think of America as an opportunity to expand their knowledge and increase their education levels, that had a hard time in order to get there and will try hard in order to bring out the best of them and give it out because they have the tools and a clear purpose in life, having a better quality of life. Checking up this could be supported by the facts that

Nearly all Latino youths (89%) and older adults (88%) agree with the statement that a college degree is important for getting ahead in life.

§  Even more so than other youths, young Latinos have high aspirations for career success. Some 89% say it is very important in their lives, compared with 80% of the full population of 18- to 25-year-olds who say the same.

• Latinos believe in the rewards of hard work. More than eight-in-ten—including 80% of Latino youths and 86% of Latinos ages 26 and older—say that most people can get ahead in life if they work hard.

After all that information, we could say that the success that an immigrant might have in this specific case a Hispanic in the U.S. depends on what  their goals are their educations and their thouhts , thats why they could strongly damage  the economy as well as they could be an excellent boost to it.

Learning about economics

All businesses require productive resources to produce goods and services. Economists classify those resources in 4 main groups:

Land: Includes not only the property, but also natural resources that are used in the production process. Suchs as water and the location of the business.

Labor: All physical and mental skills of workers that are available to produce goods and services, also called human capital.

Capital: Includes goods that aid in producing goods and services, Such as tools, and machinery.

Entrepreneurship: Is the ability of taking risks in order to start new businesses to introduce new products and to improve the management techniques and processes. Knowledge is an example of this.

Does the economy affect teenage substance use?

This research examines how teenage drug and alcohol use responds to changes in the economy. In contrast to the recent literature confirming pro-cyclical alcohol use among adults, this research offers strong evidence that a weaker economy leads to greater teenage marijuana and hard-drug use and some evidence that a weaker economy also leads to higher teenage alcohol use. The findings are based on logistic models with state and year fixed effects, using teenagers from the NLSY-1997. The evidence also indicates that teenagers are more likely to sell drugs in weaker economies. This suggests one mechanism for counter-cyclical drug use - that access to illicit drugs is easier when the economy is weaker. These results also suggest that the strengthening economy in the 1990s mitigated what would otherwise have been much larger increases in teenage drug use.

High Teen Unemployment Could Hurt Future Job Growth

Teenagers without jobs may be missing out on job skills, future wages.

The youngster who takes movie tickets, scans groceries, or walks neighborhood dogs is doing much more than earning extra cash. She is investing in her future.

Yet nearly one in four Americans age 16 to 19 were unemployed in February, according to the latest numbers from the Labor Department. Even as the overall jobless rate held firm at 8.3 percent, the teen rate climbed from 23.2 to 23.8 percent. That number has far to fall before it is in healthy territory. In the mid-2000s, the rate hovered between 14 and 18 percent. For much of the late 1990s and early 2000s, it held at or below 15 percent

"It's a huge problem," says Heidi Shierholz, a labor market economist at the Economic Policy Institute, a liberal Washington-based think tank. The teen jobless rate is in part a function of the larger national jobs crisis, she says. "It shoots up higher during recessions...it pretty much tracks the overall unemployment rate at a much higher level."

The problem has proven persistent, even since the Great Recession ended. The national teen unemployment rate has been above 20 percent since mid-2008. And it is disproportionately affecting certain minorities. The February unemployment rate for Hispanics age 16 to 19 was 27.5 percent, and for blacks it was more than one-third, at 34.7 percent.

Beyond the effect on a teenager's wallet, the high unemployment rate among teens foreshadows economic problems for these youth as they reach adulthood.

"Many of those first-time jobs, even before a career begins, are very formative from some very basic standpoints," says Paul Conway, president of Generation Opportunity, a conservative organization aimed at young Americans. "They teach the basics of how to operate in a workplace—simple things like arriving on time, working on a team, feeling as though you are being compensated for work that you do."

The effects of youth employment go beyond responsibility and how to behave in a professional work environment. Research suggests that, if work doesn't cut into a teen's education, it can boost future earnings. He points to a 1995 National Bureau of Economic Research working paper that shows that high school seniors employed 20 hours per week were, 6 to 9 years later, expected to earn approximately 11 percent more annually than their counterparts who did not work.

While a 1995 Labor Department study on teen employment, found only a short-lived wage boost, the study's author also suggested that the experience could boost job-seeking skills "by teaching [young workers] how to locate good employment opportunities and communicate effectively with potential employers."

This much is clear: the impacts of high teen unemployment could last decades. What is unclear is what to do about it.

One way to ensure work for America's young people is to keep the minimum wage low, says Michael Saltsman, a research fellow at the Employment Policies Institute, a conservative think tank that often advocates against raising the minimum wage

"If you're a young person that doesn't have a lot of experience, the employer you work for might be a restaurant [or] retail store," he says. "When their labor costs go up they have two choices: pass prices on to customers or figure out how to cut costs." During an economic downturn, he adds, employers are particularly reluctant to increase prices.

How to speak with your kid about economy, we teens should know too

Send a truthful message to your teen about your family's money situation. Talk to your teen about how things are changing in your home because of the recession. Then, talk to him about how things will stay the same. For instance, you may not be able to afford an expensive family vacation, but you will still find time to have fun together as a family.

·        1.Explain to your teen that money needs to be earned. If your teen is interested in earning some money, talk to him about getting a job or finding some babysitting work.

·        2.Include your teens in any decisions you will need to make about money in your home. Make a family saving plan and write out everyone's ideas on how to save money around the house. Decide as a family which ideas you will use.

·        3.Money problems in your home can cause your teen stress, just like you. Monitor your teen's stress levels and continue to talk to him about tough issues. This can help prevent your teen from turning to drugs and alcohol to handle their stress.

·        4.Don't try and say everything you need to in one sitting, spread it out over time. Use teachable moments to talk to your teen about money .

Teen pregnancy affecting economy

The negative economic effect that teen pregnancy has on young mothers also impacts the nation’s economy as a whole, according to a report from the National Campaign to Prevent Teen and Unplanned Pregnancy.

34% of young teen mothers earn neither a college degree nor a high school diploma, and less than 2% of teen mothers earn a degree by the time they turn 30. Because teenage pregnancy deters increased education, it leads to significant amount of lost earnings, which negatively effect the economy as a whole, the study points out:

Nearly one-third of teen girls who have dropped out of high school cite early pregnancy or parenthood as a key reason. According to the Alliance for Excellent Education, it is estimated that over the course of his or her lifetime, a single high school dropout costs the nation approximately $260,000 in lost earnings, taxes, and productivity. Put another way, if students who dropped out of the Class of 2011 had graduated from high school, the nation’s economy would likely benefit from nearly $154 billion in additional income over the course of their lifetimes.

The country’s lost earnings from an increased number of high school and college drop-outs are compounded by the estimated billions of dollars that teenage pregnancies cost taxpayers each year, mainly due to increased public sector health care costs.

Despite the good news that the U.S.’s nationwide teen pregnancy rate is dropping, the rates of teenage motherhood remain highest in states that promote abstinence-only policies. Ultimately, providing young women with insufficient and misleading information about their reproductive health has a dramatically negative economic impact on the nation’s teenage mothers and on the nation as a whole.

How can teenagers influence or be influenced by economy?

An article  that has been previously read as reference, shows the relationship of teenagers  in the different areas of this financial city in which all the social classes are found.

Students in the  private schools of the Upper East, have usually very large fortunes, trust funds, stocks, actions and an endless number of bank accounts, but how do teenagers deal with money in this environment? Do they carry thousands and thousands of dollars with them? The answer is no, believe it or not they do not have pools made of money, in the Upper East Side teens carry credit cards as it is considered that it will give them a sense of responsibility and prevent them from buying drugs or doing any type of illegal activity.

Moving into The Bronx, people use their youth and knowledge on teenage activities to get cash, as this is an environment in which teenagers have a very limited  amount of money in their homes. One of the most famous activities done to get a profit in this area is selling cigars, its actually quite easy, they buy a box of cigars on 5 dollars and sell it for 6 dollars getting a 20% profit on each box.

Another very known way to gain cash on this area are the famous ¨party profiteers¨ people that gain money by promoting parties .One of the interviewed states that he gets from 1.000 to 2.000 dollars in cash on every party.

The middle class, usually takes allowances and part time jobs in order to have money.

But the truth is, after observing the way this 3 social groups behave, we know that although they have a different relationship with economy because of their different conditions, they all have different activities and smart ways to obtain  and manage it.

Why is it really necessary to have a basic knowledge in economy?

Please think about what your dream really is, what do you wish to do after graduating from high school , have you thought of your options?

Now taking statistics 65 % of the high school graduates in 2009 decided that they would continue to get a higher education, but only 25% was able to get into a state or a private college.

Seeing now that the majority of graduates wish to go to college after finishing their high school studies, we can understand that these implies a series of expenses that at least a big majority of people in the world is not able to afford as only around 1% of the world has received or is on the process of receiving a college education.

Colleges all over the United States are expensive, an average public college education is 18.000 dollars if its in state and around 30.000 dollars out state. An average private college is around 40 thousand dollars, whilst affording an Ivy League Education could cost around 65.000 to 80.000 dollars for tuition itself.

Seen that we now know that most of the families in America and in the world do not have the sufficient amount of money to afford sending their kids to college, but, we do know that there are tricks, ways to balance a little bit to help yourself accomplish your dreams after all administration is the smart management of resources in order to accomplish our goals and wishes, so let’s work and learn how we could start getting involved in our college education payments, and in how we could save and obtain money, in order to assure a better future.

Economics

Over the last years, being an adolescent has implied having as many liberties as responsibilities. The current world forces us to understand and have basic knowledge about economy even when we are underage and still depend on our parents support. This blog has been meant to help you with the struggle of understanding and applying economy to a daily basis in order to help ourselves to accomplish our goal.
Going through statistics 1 in 6 teens really understands economy itself and its able to explain is basic concepts. People overestimate economics, and take it as something extremely complicated to learn about, but the truth is that starting out on the basics, without any predetermination would actually help and so now we will give out our basic concepts  :
Economics: It’s the science that studies the production, distribution, and consumption, of goods and services.
Consumption: The total spending on goods during a given period of time.
Production: The making of goods available for use.
Revenue: Payments received by businesses from selling goods and services.
Saving: Occurs when individuals, businesses, and the economy as a whole do not consume all of current income (or output).

Welcome

  We invite you to navigate through our blog, have fun and learn abot economy!