{"id":12914,"date":"2023-03-09T06:00:00","date_gmt":"2023-03-09T12:00:00","guid":{"rendered":"https:\/\/www.lexingtonlaw.com\/blog\/?p=12914"},"modified":"2025-06-06T14:48:37","modified_gmt":"2025-06-06T20:48:37","slug":"teen-spending-habits","status":"publish","type":"post","link":"https:\/\/www.lexingtonlaw.com\/blog\/credit-cards\/teen-spending-habits.html","title":{"rendered":"Teen spending habits statistics for 2023"},"content":{"rendered":"\n
\"teenage<\/figure>\n\n\n\n

The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. <\/em>See Lexington Law\u2019s editorial disclosure for more information.<\/em><\/a><\/p>\n\n\n\n

Regardless of income, teenagers spent 22 percent of their money on clothing in the fall of 2021.<\/p>\n\n\n\n

There are around 27.7 million<\/a> teenagers living in the United States who spend an estimated $63 billion annually.<\/p>\n\n\n\n

American teens are voracious consumers of digital media, and they do much of their shopping with online retailers. Meanwhile, marketing to teenagers means being aware of the influencers and causes they care most about. Survey data<\/a> finds that teens today have varied interests, from social causes like environmentalism to musical icons like Taylor Swift, from online streaming services like Netflix to fast food behemoths like Chick-fil-A.<\/p>\n\n\n\n

For anyone looking to better understand teenage consumers, it\u2019s important to take a look at what teenagers buy, where they get their money and what their financial goals and worries are.<\/p>\n\n\n\n

Note:<\/strong> We reference the most updated data available, but sometimes that information is from several years ago\u2014check each individual source for specifics.<\/p>\n\n\n\n

<\/a>What do teenagers buy?<\/h2>\n\n\n\n

Though food has consistently dominated teenage spending habits for nearly a decade, clothing now reigns supreme as the biggest purchasing priority for teens. The popularity of athletic brands like Nike, Adidas and Lululemon highlights the trend toward casual clothing, perhaps spurred on by the remote school environment throughout the pandemic.<\/p>\n\n\n\n

Food spending remains important for teenagers, however, and Chick-fil-A overtook Starbucks as the top restaurant for this age group. Starbucks\u2019 drop could be attributed to its increasingly slower lines thanks to the introduction of mobile orders and the subsequent service slowdown. <\/p>\n\n\n\n

The entertainment, media and video game industries have increased in popularity in the past year. The ongoing effects of the COVID-19 pandemic have led to many more teenagers spending a majority of their time at home. Therefore, their spending is more directed toward these industries rather than concerts and travel. Likewise, online shopping has generated more attraction than shopping in person.<\/p>\n\n\n\n

\"Infographic<\/figure>\n\n\n\n

Top brands for teenagers:<\/strong><\/p>\n\n\n\n