Piper Jaffray found that food grabbed the most dollars from this young demographic, beating out clothing for the first time in the history of the survey.
Facebook has plummeted from being the most important social network for 42% of teens in the Fall 2012 survey to just 23% in this latest edition.
Approximately 46% of US teens and young adults ages 12 to 24 had used Snapchat.
Teens were slightly less likely than that to say they were using a console to play video games.
More than six in 10 13- to 17-year-olds reported using their game consoles at home to access the internet—just as many as were using their desktop computers to do so.
Cellphones were the top device owned by US teen and millennial internet users, surpassing computer and radio ownership.
Facebook remains the most commonly used social platform, with 56% of older teens claiming to have used it in the past month.
Fully 87% of American teens said they had sent or received a text message.
Both smart phone and tablet use saw a large leap among US teenagers ages 13 to 17 between 2012 and 2013.
Twitter now ranks ahead of Facebook as teens’ most important social network.