"How much do American teenagers spend on clothes?" is a question that many parents, grandparents and adults in general would like to have answered. Taking a look at how teenagers spend the money they earn from their parents and from their jobs, can help explain what teenagers are buying with their money.
How Much Do Teens Spend On Clothes?
Finding statistics on what teenagers spend money on can be difficult, but there are several organizations that take surveys on what teens buy with their money.
- According to a 2016 Piper Jaffray.com report, teen spending habits include using 38 percent of their income on clothing, and another 22 percent on food. Music, movies and video games are also popular things for teens to spend their money on.
- 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.
- In 2004, teenagers between the ages of 12 and 19 spent over 172 billion dollars, which is 30 billion dollars more than Texas' 2006 and 2007 biennium budget.
Given those numbers, one could average a figure of $2050 a year on clothes or about $40 a week per individual teen.
What Teenagers Are Buying
Every teenager is different so there is no set number for how much an average American teenager spends on clothes, it all depends on how much spending money the teenager has as well as if his parents buy him a lot of clothes or not. Some parents do not buy a lot of clothes for their teenagers, or might only buy clothes at the beginning of the school year. Teenagers who have parents like this will often buy their own clothes along with the clothes that are purchased for them. Spending habits of teenagers also depend on their gender. Boys tend to spend less money on their appearance than girls do and girls do not usually spend as much money on entertainment. Since teenagers are all so different and they all have different spending habits, it is hard to determine exactly how much a teen spends on clothing. If a parent wants to know how much his teenager spends on clothes, it might be a good idea to sit down with the teen and go through receipts from the previous year.