Teen spending economy

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23 Teenage Consumer Spending Statistics That Will Shock You

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What Are Teenagers Buying? | accipitergallery.com

Sofia Harrison, 15, holds up clothes for her friends to see while shopping at Roosevelt Field shopping mall in Garden City, N. As millennials age, Generation Z is taking over as the newest consumer cohort retailers and consumer brands are courting. Figuring out exactly what teens want is always a difficult task, perhaps even harder now, because teens are spending less than in the spring, and at this time last year. As market watchers and economists debate whether U. The categories swap for second among the genders with food second for females and clothing second for males. Video game spending is third for males and personal care is third for females. While outside the top three spending areas, shoes gained share among all teens, hitting peak historical spending levels.
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U.S. average-income teen expenditure share by category 2018

An old proverb holds that children are meant to be seen and not heard, but that's no longer the case. Here are 23 eye-popping statistics on how teens and tweens spend. According to the U. Census Bureau, there are roughly 41 million kids in the U. If you're curious about how that breaks down, read on.
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The remaining 40 per cent is, on average, saved for a short-term target such as a more expensive bit of tech or a holiday. Four in five of those polled say they save money on a monthly basis. Unsurprisingly, the retail sector is the main beneficiary of the teen pound, with 84 per cent of cash spent going towards new clothes, days or nights out, food and gaming — though boys spend six times as much in the latter category than girls.
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