23 Teenage Consumer Investing Statistics Which Will Shock You

23 Teenage Consumer Investing Statistics Which Will Shock You

A vintage proverb holds that kiddies are supposed to be seen rather than heard, but that is no further the truth. Listed here are 23 eye-popping statistics on what teenagers (and tweens) invest.

In accordance with the U.S. Census Bureau, you can find approximately 41 million young ones when you look at the U.S. involving the ages of 10 and 19, which results in a complete great deal of income for merchants. If you are curious about how that stops working, read on.

1. Clothing could be the teen spending trap that is biggest. The amount that is average top earnings teenagers invest in clothing results in almost $1,100 annually.

You had believe as technologically savvy as today’s teenagers are, they would be spending a majority of their dough regarding the latest devices, but interestingly, that is not the way it is. Investment management company Piper Jaffray’s Fall 2014 “Taking Stock With Teens” report discovered that clothes is the reason 21 % of these spending plan.

2. But meals is just a second that is close

Going searching for brand brand brand new clothes is certainly one method to work up an appetite, and restaurants are seeing the younger dining crowd grow. In accordance with the Piper Jaffray report, teenagers are allocating another 20 % of the spending plan to food, which can be up through the 15 % they invested years ago. Read More