From CNBC.com……
Teen spending hit its lowest levels in two decades, according to a new survey, as teens spent less money on food, concerts and events during the coronavirus pandemic, and worry about the economy getting worse.
Teens reported spending about $2,150 this year, according to Piper Jaffray’s 40th biannual “Taking Stock with Teens” report. That’s a drop of about 9% year over year. Reported annual spending by teens peaked at about $3,023 in the spring of 2006.
