AP story: Teens who think being frugal is cool
The Associated Press has a story that is on page 5B of today’s print and e-editions of The Monroe Evening News: Once indulgent shoppers, teens now embracing frugal as the new cool.
A snippet:
It’s a far cry from the freewheeling spending of recent years, when teens splurged on $100 Coach wristlet handbags, $60 Juicy Couture T-shirts and $80 skinny jeans from Abercrombie & Fitch.
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 Inc., are reporting sluggish sales, defying the myth that teen spending is recession-proof: It holds up longer, but can eventually fold.
It’s even becoming cool to be frugal.
If you don’t subscribe to The Monroe Evening News, but would like to read the entire story, I found it at The Wichita Eagle’s news site.
Posted: April 18th, 2008 under Clothing, Frugal living, High school years, In the News.
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