teenager-consumer-spending-statistics

Teenage Consumer Spending Statistics

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Teenage Consumer Spending StatisticsData
Total number of teenagers in the U.S.26,873,000
Total U.S. teen spending (Products bought by and for teens)$264,038,000,000
Total U.S. annual teen income in the U.S.$92,450,000,000
Average annual income of a 12-14 year old$2,841
Average annual income of a 15-17 year old$4,972
Annual amount of money families spend on teens for food, apparel, personal-care items, and entertainment$157,600,000,000
Teenager Employment StatisticsData
Percent of high school students who are employed18.2 %
Employment rate for teenagers during the month of July54.8%
Percent of teens who qualify themselves as "unemployed"28 %
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Teenager Buying Habits StatisticsData
Percent of teens who have placed an online order in the past three months29 %
Percent of teens who would choose a new pair of jeans over concert tickets63 %
Percent of girls age 13-18 who bought 10 or more items of clothing in the past six months41 %
Percent of girls age 13-18 who bought 5 to 9 items of clothing in the past six months21 %
Percent of girls who identified shopping as one of their "hobbies and activities"79 %
Teen Savings StatisticsData
Percent of teens who say they are currently saving38 %
Percent of teens who say they are saving more than they were last year22 %
Percent of teens who say they are not saving23 %
Percent of teens saving who said they were saving for clothes57 %
Percent of teens saving who said they were saving for college51 %
Percent of teens saving who said they were saving for a car36 %
Seventeen Magazine Survey 
Percent of girls who would take $1,000 over hanging out with the Justin Bieber81 %
Percent of girls who would accept $10,000 to break up with their boyfriends27 %
Percent of girls saying the following is a source they use when finding the latest trends
Friends / Peers81 %
Fashion magazines68 %
Ads68 %
Company web sites44 %
Consumer reviews36 %
Celebrities33 %
Parents / Adults25 %
Bloggers14 %
Percent who believe their opinions greatly influence their friends' purchase decisions53 %
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Statistic Sources & References
Sources: Marketingvox, Rand Youth Poll, Seventeen, U.S. Department of Labor. Archived Bureau of Labor Statistics, Statistic Brain Research Institute
Content Author: Statistic Brain

Date research was conducted: September 27, 2017

Teenage Consumer Spending Statistics

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