Now THERE is a plan. (If you have teenage kids and a business, you can put them to work and there are great tax and financial advantages.) Plus your kid(s) get to learn a skill.
$625/yr in 1952 for car insurance? That is mind-boggling. I remember attending a parochial high school 20 years later and paying $600 a year on a half scholarship.
$625 in 1952 would be about (I think) $4000 or so today.
Ouch.
” (If you have teenage kids and a business, you can put them to work and there are great tax and financial advantages.)”
There wasn’t any tax advantage, I started off at 75 cents an hour same as any other apprentice and the taxes, deductions, etc were the same as any other employee.