And I don’t know that we necessarily want to encourage people to “sacrifice their teenage years” by rewarding people who do so. I did well on the SAT, and I didn’t spend all my time partying. But I definitely don’t feel like I sacrificed my teenage years.
I certainly don’t want my children to look back on their childhood like that.
I believe earning some money for yourself as young kid (edit: specifically, I mean ~teen and later) is good, as it allows you to feel accomplished and teaches you to deal with money (ie. learning to save). It feels very different to do that with your own hard earned money than with pocket/birthday/clothing/allowance money. Not too much though, as the wage is ridiculously low, and the work likely repetitive and boring. It also teaches discipline.
And that last word, is a keyword to higher success, on top of money. You need both; not either.
Sorry, this is BS. I come from a competitive family. My parents put enormous pressure on me to do well in school, too. Pressure I could not handle. They wanted me to do 2 years in 1 to save 2k EUR on travel costs. I failed. If they had a tad bit more savings and listened better to me, I believe I would've succeeded. I'm good now, after a long struggle, but I should've learned a trait at age 12 instead. Not everyone is meant to take a traditional, higher education road to success. Not even when they have a high SAT score, or rich parents. Mine were average wealthy, though I had a chronically ill father. My cousins had no ill parent, and I suspect this is why they lack a general compassion for human beings in need.