Teen spending falls as worries about the economy grow. When they splurge, they love Nike and Chick-fil-A
Publishing timestamp: 2019-10-08 08:00:33
Summary
Teens are spending less than in previous years, with annual spending averaging at its lowest level since 2011. Favorite brands include Nike, American Eagle Outfitters, Chick-fil-A, and Starbucks. Gen Z is becoming the newest consumer group, with retailers and brands trying to cater to their preferences. The survey also shows a decrease in spending on categories like apparel, handbags, and cosmetics, while concerns about the environment, immigration, and gun control are top issues for teens.
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