Teens command $75 billion in discretionary spending and are increasingly using their money on experiences rather than material goods, according to a spring 2015 Taking Stock With Teens survey by investment bank and asset management firm Piper Jaffrey. Here’s more.
35% Teens who have a part-time job, a 2 percent increase from 2014.
23% Teens who are spending money on food.
7% Teenagers who say they spend on shoes.
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25% Those who shop at specialty stores.
13% Teens who shop online, up about 10 percent from 2005.