Teens Spend $900+ Annually on Clothing, Accessories and Consumer Electronics
The amount teens spend annually on clothing and accessories
dropped to $932 in spring 2010 from $1,083 in fall 2009, according to Piper Jaffray’s bi-annual “Taking Stock of Teens” study. Specialty stores (29%) are the top place teens purchase such merchandise; those who shop online jumped to 10% from 6% in 2007. Approximately 8% of a teen’s budget is spent on videogames, and the study finds a growing interest in non-traditional gaming platforms. In addition, Apple’s iPhone continues to grow in popularity among teens. Some 14% of students currently own one, with an additional 31% expecting to purchase one within six months.







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