American teenagers are spending their cash on hen sandwiches from Chick-fil-A, athletic gear from Nike
and cryptocurrencies like bitcoin
The funding agency Piper Sandler
launched a semi-annual detailing the spending and utilization habits of youngsters with a median age of 16.1 years outdated.
Chick-fil-A dominated their meals rankings as 18% of the 7,000 surveyed mentioned their favourite restaurant was Chick-fil-A. Coming in at No. 2 was Starbucks
at 12%, then Chipotle
at 11%. Legacy meals manufacturers like Dunkin’ Donuts and McDonald’s
have been additional down the listing.
In relation to clothes, Nike is the overwhelming favourite amongst American youngsters as 27% of respondents mentioned the swoosh was their prime clothes attire model. No different model reached even 10%.
In relation to on-line purchasing, Amazon
was the highest purchasing web site for 56% of respondents, whereas the subsequent model, Shein, was the favourite of solely 7% of the kids surveyed.
One fascinating facet of the survey is how energetic youngsters are in cryptocurrency.
Amongst these surveyed, 9% of teenagers declare to have traded cryptocurrency — and 81% of these teenagers establish as male.
Lisa Kramer, a professor of finance on the College of Toronto and an knowledgeable in investor conduct, says the” for male buyers.