Interestingly, male teens report spending 11% more than last fall, while females are spending 8% less.
When teens are spending, 37% said they are using funds earned from a part-time job, while 62% said parents contribute to spending.
Clothing and apparel spending fallsTeens are spending 4% less on clothing compared to last year, down to $563 per year.
After Nike, American Eagle and Lululemon are the second- and third-most preferred brands among teens, the same as in the spring.
Converse held the spot for the second-most favorite brand behind Nike but dropped in market share by 1 percentage point.
Persons:
Joe Raedle, Piper, Shein, Converse, Temu, Polly
Organizations:
Nike, Getty, Adidas, Ross Stores, Nordstrom, Target, Walmart
Locations:
Miami Beach , Florida, U.S, Maxx, Australia