Teen spending money is expected to increase to $91.1 billion in 2011
The market for products purchased by US teens, which includes upwards of 25.6-million teens, is expected to grow slightly over the next five years, increasing from $189.7 billion in 2006 to $208.7 billion in 2011, despite an estimated 3% decline in the 12 to 17-year-old population in that same period, according to The Teens Market in the US, a new report from market research publisher Packaged Facts. Teen spending money, which is a conglomeration of money from jobs, allowances, cash gifts and "as needed" money from Mom and Dad, is expected to increase by about +3.5% annually, boosting the collective teen income by +14.4% from $79.7 billion in 2006 to $91.1 billion in 2011. At the same time families are expected to increase the amount of money spent on teens by +7% to $117.6 billion in 2011.
José María Aranda | Sierra Online | PH: 310.431.4736 | FX: 310.431.2736
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