Wisdom From Oceanside Teenagers
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.