US teens cut the frills as jobs vanish, prices rise
The souring job market and rising costs of the usual teenage indulgences - a slice of pizza, a drive to the mall, the hottest new jeans - are causing teens in the US to do something they rarely do: be thrifty.
Now jobs for teens are less plentiful, and parents who supply the allowances are feeling the economic pinch themselves. The stalwart retailers of teen apparel, such as Abercrombie and American Eagle Outfitters, are reporting sluggish sales, defying the myth that teen spending is recession-proof: It holds up longer, but can eventually fold. It is even becoming cool to be frugal.
Last week, Ellegirl.com, the teen offshoot of Elle magazine, launched a new video fixture called Self-Made Girl, which shows teens how to make clothes and accessories. ���It���s a little tacky in the economic unrest to tote a big logo bag,������ said Holly Siegel, the site���s senior editor. She said it is no longer about teens ���one-upping each other,��� but rather where they can get it cheap.
Victoria Bradley, a 16-year-old from Springfield, Missouri, says the $80 she earns each month from baby-sitting is being eaten up by more expensive school lunches, late-night snacks with friends and stylish clothes. Now, she says, she and her friends head for the thrift store or just browse at the mall. ���I used to be able to buy a T-shirt and jeans every couple of months,��� Victoria said, adding some of her friends even ���make their own clothes or alter
their old ones to fit.���
Victoria���s mother, Michelle, said she and her husband cut back spending on themselves last year, and early this year also started paring back ���frivolous������ buying for their three girls. ���We have made a conscious effort to not use credit cards,��� she said. The top priority is school supplies and choir fees.
Teen hiring has slumped by 5% since March 2007, with many mom-and-pop stores, which hire younger workers, laying off employees. Hiring in the overall job market fell by just 0.1%.
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