Money to Spend There are approximately 25.6 million teens in the U.S. market and parents spend about $4,000 to $4,500 on them. Teens who work make an average of $460 per month to spend on top of what their parents shell out according to a recent TD Ameritrade survey (page four).
How much money does a teen spend a week?
Teenagers, according to a study done by Teenage Research Unlimited and published by the National Consumer League, spend $104 a week total. This adds up to a yearly total of $5408.
How much do teenage girls spend?
The average teenager spends $9,626.76 per year. According to the source the average spending by a teenager is $9,626.76 per year. This amount includes both the spendings exclusively done by the teenagers themselves and by their parents on the teens. 62% of the money that teens spend is given to them by their parents.
What do teens spend most of their money on?
1. Clothing is the biggest teen spending trap You’d think that as technologically savvy as today’s teens are, they’d be spending most of their dough on the latest gadgets, but surprisingly, that’s not the case.
What’s the average income of a teenage girl?
This is the first time teens spent as much on food as they did on clothing. Twenty-six percent of teenage girls and 47 percent of teenage boys preferred online shopping; these numbers are higher than in previous years. The average income for teens is $2,767 for those in the 12- to 14-year-old range, and $4,923 for teens between 15 and 17 years old.
How much money do kids spend a year?
Most kids have a job by this age and are purchasing clothes, occasional food, phone costs, movies, dates, social activities and much more. I found the average to be around $1200-$1500 a year.
What’s the percentage of teen spending on technology?
Teens are willing to pay more for technology While spending on electronics and technology only accounts for about 7 percent of teen budgets, according to the Fall 2014 Taking Stock survey, young people are forking over big bucks to get top-of-the-line items.
