Teens Plan to Spend Less This Year on Holiday Gifts
For the third consecutive year, American teenagers plan to spend less on holiday gifts for others, according to a recent survey of more than 1,500 teenagers conducted by JA Worldwide (Junior Achievement), a youth education and volunteer network. Fifty-seven percent of teens plan to spend more than $75 on gifts this year, down 3 percent from last year and down 5 percent from 2004.
Other teen shopping data revealed by the survey:
* 66 percent of teens plan to spend less or about the same as last year on holiday gifts;
* 38.3 percent of boys say they will spend more than last year; and
* 29.6 percent of girls say they will spend more than last year.
Source: JA Worldwide, http://www.ja.org/about/about_newsitem.asp?StoryID=377