Frugality Becoming A Teen Trend


	Frugality Becoming A Teen Trend

kewlninja

4-17-2008 10:47 PM

236 views

tags:

us economy, recession, wealth, job market, money, money-saving, teen-trends

kewlninja says:

With the current US recession, bling is out and cheap is in among the youths.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/cd8ba1e4-2285-46f0-a5a8-507ec9d3ea00/48289141-50B9-4F1A-8B5B-B26643454982/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/ap/20080417/ap_on_bi_ge/teen_recession" href="http://news.yahoo.com/s/ap/20080417/ap_on_bi_ge/teen_recession" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080417/ap_on_bi_ge/teen_recession"><P>
                        NEW YORK - 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.                        
                        </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080417/ap_on_bi_ge/teen_recession">Now jobs for teens are less plentiful, and parents who supply the allowances are feeling the economic pinch themselves.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080417/ap_on_bi_ge/teen_recession">The stalwart retailers of teen apparel, such as Abercrombie and <SPAN id="lw_1208460651_1" class="yshortcuts">American Eagle Outfitters Inc</SPAN>., are reporting sluggish sales, defying the myth that teen spending is recession-proof: It holds up longer, but can eventually fold.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080417/ap_on_bi_ge/teen_recession"><P>
"It is way cooler to get a super deal on that shirt rather than being able to spend the most money on something," said Anna D'Agrosa, director of Consumer Insights at The Zandl Group, a market research company focusing on teens. "Kids are becoming really aware of what is happening to their economy and to their families."
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