The students at Montclair High School in Southern California are learning the three Rs, but many of them are living the lessons of a fourth R: Recession.
"Hi, my name is Brenda and what the recession means to me is stop wanting what I want and start wanting what I need," said one student in school project where students videotaped themselves.
"Hi, my name is Dulce and what the recession means to me is wearing $10 shoes," another said.
More than 80 percent of the nearly 34 million teenagers nationwide say they are concerned about the economy, reports CBS News correspondent Seth Doane.
"Hi, I'm Kristen Beltran," said Kristen, shooting herself at home. "And what the recession means to me is not being able to afford the things that I really need."
Kristen's dad, a welder, has a quarter of the work he had this time last summer. The mortgage is three months behind. Fifteen-year-old Kristen wishes her parents would let her get a job.
"Are we going to have enough money for groceries? Are my parents going to be able to pay the bills?" Kristen asked.
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