Piper Jaffray Survey of 6,200 Teens Indicates Optimistic Economic Views
Since the survey’s inception,
Teens in this spring’s survey exhibited stronger views of economic improvement with females slightly less optimistic than their male counterparts. Even unemployed teens reflected consistently optimistic economic views to their employed friends, albeit not as strongly positive.
Other key findings from the survey include:
Teens directly command
$75 billionof discretionary spending, but largely as a result of the 2008 recession, teens have become budget-conscious value seekers
- 35% of teens are employed part-time, compared to 33% in the 2014 spring survey
- Teen wallets continue to shift from possession-based categories like fashion toward “shareworthy” experiences such as events or dining out
- Teens increasingly prefer to shop online rather than in-store; however, they continue to prefer sites with physical locations over eTailers
- Athletic-leisure, preppy, leggings and jogging pants are among the top teen fashion trends
Most preferred brands include
Ralph Lauren, Nike, Lululemon, Victoria’s Secret, Vineyard Vines, UGG Australia and Timberland
Michael Korsremains the No. 1 preferred handbag brand, eclipsing Coach’s peak share in 2012
- MAC is the top preferred cosmetic brand among teen females across all income sets for the first time in the survey’s history
- Teens who spend above-average on beauty prefer customer reviews over product selection as a top factor in online purchasing decisions
- 36% anticipate playing more video games in 2015—the highest intention to play more games in the survey in at least four years
Applecracks the top 10 of teen watch preferences for the first time in the survey’s history
For an infographic and more information regarding the survey, please visit www.piperjaffray.com/teens.
About the Survey
The Taking Stock With Teens survey is a semi-annual research project comprised of gathering input from approximately 6,200 teens with an average age of 16.3 years. Teen spending patterns, fashion trends, and brand and media preferences were assessed through visits to a geographically diverse subset of high schools across the U.S.
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Piper Jaffray Companies
Pamela Steensland, 612-303-8185