Thrifty Teens? (Hint: They're Not Recession-Proof)

Published: April 27, 2008, 11:17 am

Tags: fashion shopping, mommy family, recession, shopping, thrifty teens

Traditional financial lore is that teenagers remain largely impervious to changes in the economy; teens and shopping go together like, well, chocolate and peanut butter. The current economic environment (notice that I am not using the "R" word) really is dire, though, because the news is now reporting that even teenagers are spending less. There is a part of me that cannot roll my eyes forcefully enough over something like this. Because, honestly, it is neither true that all teens are shopping machines nor that kids trying to get the most out of their money is a new phenomenon. Nevertheless, thrifty teens are this week's it topic: The souring job market and rising costs of the usual teenage indulgences - a slice of pizza, a drive to the mall, the hottest new jeans - are causing teens to do something they rarely do: be thrifty. more stories like this It's a far cry from the freewheeling spending of recent years, when teens splurged on $100 Coach wristlet handbags, $60 Juicy

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