After studying the finances of U.S. high-school pupils, Scholastic Magazine concluded that the nation's 13 million teen-agers have a combined income of $7 billion a year. Whether they rely solely on part-time jobs (30%), allowances (45%), or both (22%), they average $10.55 a week, of which $6.52 is spent and $4.03 saved. The State University of Iowa also had financial news. Of the university's 9,000 students (1955-56), 55% got part-time jobs through the student placement office. They worked as janitors, lab assistants, waiters and clerks, mowed lawns, washed windows, shoveled snow. Total earnings: $1,373,500.
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