Recession? Teenagers Get It, and Are Cutting Back

Stephanie Rosenbloom:

After a year of observing their parents pinch pennies and fret about the economy, the nation's teenagers may be coming to grips with reality.

Sales are down sharply in recent months at nearly every major retail chain catering to teenagers, and interviews with teenagers suggest that the reasons go beyond their own difficulty finding part-time jobs.

"I think my sister and I, throughout this year we've kind of lost an interest in getting gifts and things like that," said Morgan Porpora, 16, who in the past had a list of things she wanted for Christmas. "I guess we've noticed the economy and we just kind of even feel bad I guess asking for a lot."

Posted by jimz at December 26, 2009 1:05 AM
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