US Teen Spending By Category, April 2014 [CHART]
What categories reap the benefits of teen spending? In its April 2014 “Taking Stock with Teens” survey—the 27th semiannual edition—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 (20.8% vs. 20.7%). This change led Piper Jaffray to refer to the group as the “experience-seeking generation,” indicating a shift in teen spending away from tangible items. Read the rest at eMarketer.