Retail

Teen spending takes a dive as coronavirus fuels economic fears

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Shoppers look over merchandise at an American Eagle Outfitters Inc. store in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Today’s teens are worried about the economy and the coronavirus pandemic, just like many of the rest of us. Though the sustainability-minded generation still puts the environment first among their top concerns, a new survey finds. 

While Gen Z’s total spending is down sharply, when they do go shopping, brands like Nike, Lululemon and Amazon are top on the list. Often, that’s after they’ve stopped at Chik-fil-A or Starbucks to fuel up. While the guys are splurging on footwear, teen girls are spending less on handbags, cosmetics and apparel.



Source cnbc.com

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