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.