![istock000063829171large.jpg](https://assets3.cbsnewsstatic.com/hub/i/r/2015/06/05/724d21d1-e204-4b45-94fc-9c4b4656d958/thumbnail/640x360/ed4045179627a598591475c0a692416f/istock000063829171large.jpg?v=0a0c17d349635d55704afd4e16e28fc6#)
The disappearing summer job
Young Americans are in a summer job crisis, with employment plunging 40 percent
Watch CBS News
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Young Americans are in a summer job crisis, with employment plunging 40 percent
American wages are still lagging because of overseas competition and the ranks of the underemployed
Report points to the racial disparity in pay and management opportunities in this growing employment sector
Founder says he expects lots of "love" from donors, while advising worshippers to "bring your own bud"
Metro areas offering the best mix of job growth and affordability may surprise you, but beware of 'sour' towns
Few consumers read the fine print about hefty fees and sky-high interest rates that kick in immediately with the advance
One study seeks to explain why many people seem unperturbed by the rising concentration of wealth and income in the U.S.
The U.S. accounts for only one-quarter of credit-card volume, but almost one-half of global fraud
Thousands of Detroit and Baltimore residents behind on their water bills are at risk for losing access to this necessity
Aging populations and poverty appear to be contributing to a surge in crime by the elderly
Living only one bill from disaster, almost half say they couldn't come up with $400 to cover an emergency expense
Boxed's Chieh Huang says "soul searching" sparked the idea to help employees fund their children's higher education
Even as the U.S. economy recovers, many new grads could see dimmer professional prospects for years to come
Nearly 8,000 people backed a campaign to build a snazzy watch, but they're getting a hard lesson in crowd-funding instead
A Los Angeles man has launched a novel effort to provide a bare-minimum home to those in need of one