5 sources·Business

Teens Feel the Pinch of Inflation This Holiday Season

A new survey shows that teens are concerned about inflation impacting their holiday shopping, with many adapting to new budgeting strategies.

60%

40%

The distribution of story sources: left-leaning (blue), center (light gray), and right-leaning (red).

Mostly Reliable

The underlying sources are generally reliable but sometimes include opinion, propaganda, or minor inaccuracies.

Balanced

The underlying sources are either a balanced mix of left and right or primarily centrist.

Subscribe to unlock this story

We really don't like cutting you off, but you've reached your monthly limit. At just $3/month or $30/year, subscriptions are how we keep this project going. Start your free 7-day trial today!

Get Started

No highlights available for this story.

Updated: Nov 21st, 2024, 10:13 AM ET

Summary

A summary of the key points of this story verified across multiple sources.

According to Junior Achievement's annual survey, inflation continues to concern teens as they plan their holiday shopping, with 70% worried about rising costs. Despite a slight decrease in overall inflation, prices remain higher than a few years ago, affecting teens' budgeting for gifts. The survey reveals that many teens are getting their spending money from parents or caregivers, while some use their earnings from jobs. Shopping trends indicate a preference for in-store purchases. Overall holiday spending is expected to grow this year, despite ongoing inflation anxieties.

Perspectives

Compare opinions on this story from liberal (Left), conservative (Right) or center-leaning news organizations.

No center-leaning sources available for this story.