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%

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

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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.

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