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Teenagers' Money, Discretionary Spending and Saving

FINANCIAL COUNSELING AND PLANNING, Vol. 7, 1996

Posted: 11 Dec 1996  

M. J. Alhabeeb

University of Massachusetts at Amherst - College of Natural Resources & the Environment - Department of Resource Economics

Abstract

This study investigated how much money was obtained and how it was spent by teenagers. It also examined the effects of individual and family characteristics on teens' discretionary spending and saving. Teens' income and age, separately, had negative effects on food expenditures and positive effects on both clothing and entertainment expenditures. Family income had a positive effect on teens' clothing and entertainment expenditures. Having an allowance negatively affected teens' food and clothing expenditures. Compared to female teens, males saved less and spent less on clothing and personal care items.

JEL Classification: D12

Suggested Citation

Alhabeeb, M. J., Teenagers' Money, Discretionary Spending and Saving. FINANCIAL COUNSELING AND PLANNING, Vol. 7, 1996. Available at SSRN: https://ssrn.com/abstract=3590

Musaddak J. Alhabeeb (Contact Author)

University of Massachusetts at Amherst - College of Natural Resources & the Environment - Department of Resource Economics

Stockbridge Hall
80 Campus Center Way
Amherst, MA 01003-9246
United States

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