Today's teens aren't as likely to get summer jobs as they used to be. But data from the Bureau of Labor Statistics shows that they're four times as likely to take summer classes than in the 1980s, and there are more teens taking unpaid internships. So why don't they want the money?
The bottom line: The steep drop in money earned from jobs and other sources — mainly allowances — for teens occurred in the late 2000s, when the smartphone was born. Why? Because they don't need as much money for socializing if they can do it at home.