Teen unemployment during coronavirus leads to lowest spending in two decades
Coronavirus leads to highest teen unemployment in years
Summer jobs are drying up and teen unemployment is at its highest level in years. FOX Business’ Lauren Simonetti with more.
Teens aren’t spending money on clothes and food like they used to while fewer are working during the pandemic.
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Gen Z teenagers spent $2,150 this year, down 9% year-over-year, according to Piper Jaffray’s “Taking Stock with Teens” report released Tuesday.