Teen Spending Hits Record Low, But Savvy Merchants Can Still Make Sales
PYMNTS
OCTOBER 12, 2020
And while 2020 has represented an unusually sharp drop, teen spending has been on the decline for some time — peaking in 2006 at $3,023 on average. Teenagers might be buying fewer bags on the whole, but those who are buying are thinking big with luxury purchases as opposed to middle-market brands. A Foreseeable Fall-Off .
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