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Wisdom From Oceanside Teenagers

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June 10, 2008 – Comments (5)

So, one of the strange things about this Piper Jaffrey conference is that they bring in a group of real live teenagers to talk about where they're spending their money, or not. Sort of odd to think that a room full of investment analysts can't talk to teenagers or watch and see what they're doing, but here they are, in the fishbowl.

Oft-repeated takeaway: They're all working now (weren't last year) and gas money and food prices are killing them. The guys say they're not buying clothes at all anymore. The girls say they're looking more for sales or (shocker) they try to buy outfits that they can wear more than once.

These kids all seem to have their own cars, and they eat out at restaurants quite a bit despite the increases in price.

5 Comments – Post Your Own

#1) On June 10, 2008 at 1:16 PM, GNUBEE (26.66) wrote:

What are their ages? Do they have credit cards, and are they using them? My experience is there is a large group of younger people who have credit cards, and no real concept of how to use them

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#2) On June 10, 2008 at 2:07 PM, joeykid13 wrote:

Yikes...I do my teen spending research by going to theme parks and observing.  Three out of four teens seem to be wearing Hollister, and the young adults Abercrombie & Fitch...both (ANF).  They may not be buying clothes for themselves...but come birthdays and holidays, etc...Mommy and Daddy are still shelling out for the current trend brands.  Abercrombie has done a remarkable job getting people to shell out $32.00 for a tee shirt, that if worn, automatically increases ones personal attractiveness level by at least 3 points...LOL

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#3) On June 10, 2008 at 3:53 PM, eldemonio (98.71) wrote:

I have been doing a little research myself.  After observing the habits of the toddlers in my son's preschool, I have concluded that you can't go wrong investing in companies that make shiny stuff and balloons.  If you can find a company that makes shiny balloons, aka mylar balloons, than you've hit the jackpot.  CTI Industries Corp (CTIB) should explode in 2008!  

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#4) On June 10, 2008 at 4:08 PM, FourthAxis (< 20) wrote:

WHEW!  I had to do some googling to be sure we weren't talking about the teens of Oceanside, CA.

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#5) On June 11, 2008 at 11:10 PM, TMFBent (99.83) wrote:

Yeah, but how many of those balloons can a kid eat? I don't know if I see the growth.

Sj

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