Teen spending on clothes is down by more than 12% this year, and experts believe it will fall further. Teens spend over 40% of their money on fashion, according to the15th semi-annual "Taking Stock with Teens" survey.
Teens represent a huge chunk of the American economy, spending $1.65 trillion over the past ten years. The average person in the 12- to 17-year-old age group spends $70 a week, down from $83 last year.
Labels: teenagers, teen_culture, money
Posted By: Aspen Education Group