Podcast
Questions and Answers
What is the highest spending category for teenagers according to the report by Piper Jaffray?
What is the highest spending category for teenagers according to the report by Piper Jaffray?
- Clothing (correct)
- Personal care
- Entertainment
- Food
How much does the average US teen spend per week?
How much does the average US teen spend per week?
- $44.8 (correct)
- $3,826.3
- $26.9
- $17.9
How much more does a teen with a part-time job and allowance spend per year compared to those without a job?
How much more does a teen with a part-time job and allowance spend per year compared to those without a job?
- $17.9
- $3,826.3 (correct)
- $44.8
- $2,391
What are the most common saving goals for teenagers?
What are the most common saving goals for teenagers?
Where can teenagers find tips and a budget template for budgeting?
Where can teenagers find tips and a budget template for budgeting?
Flashcards
Top spending category for teenagers
Top spending category for teenagers
Clothing is the highest spending category for teenagers.
Average weekly spending of US teenagers
Average weekly spending of US teenagers
The average US teenager spends approximately $44.8 per week.
Extra yearly spending for teens with jobs
Extra yearly spending for teens with jobs
Teens with part-time jobs and allowances spend about $3,826.3 more per year compared to teens without a job.
Popular saving goals for teenagers
Popular saving goals for teenagers
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Where to find help with budgeting
Where to find help with budgeting
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Study Notes
Teen Spending Insights
- Fashion is the highest spending category for teenagers, highlighting their interest in clothing and accessories over other categories.
- The average US teen spends approximately $72.85 per week, reflecting their discretionary spending habits.
- Teenagers with a part-time job and an allowance spend about $1,000 more per year than those without a job, illustrating the financial benefits of employment.
Saving Goals and Budgeting Resources
- Common saving goals among teenagers include purchasing a car, saving for college, and funding personal interests such as travel and entertainment.
- Teenagers can find budgeting tips and templates on finance-focused websites and apps, which offer structured approaches to managing their money effectively.
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