Taking Stock With Teens® - Fall 2017

A collaborative consumer insights project

Since the survey’s inception 17 years ago, Piper Jaffray has surveyed more than 155,000 teens and collected nearly 40 million data points on teen spending in fashion, beauty and personal care, digital media, food, gaming and entertainment. 

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Fall 2017 Key Findings

Overall Spending Behavior
  • Overall teen spending moved down 4.4% year-over-year, while parent contribution to teen spend is 67% just below the long-term average of 68%.
  • Wallet shifts in fall 2017 include slight downtick for video games, slight uptick for clothing, and moderate downtick for food.
  • Food ticked down from 24% in spring 2017 to 22% in fall 2017, but remains larger than clothing at 20%.
Apparel
  • Athletic apparel is moderating somewhat led by Nike, but there is no slowdown in athletic footwear. Apparel brand preference is shifting towards streetwear with brands like Vans and Supreme.
  • Nike, Ralph Lauren, Steve Madden, UGG (Deckers), Fossil and Michael Kors saw the largest declines among major brands.
Technology Spending & Behavior
  • Snapchat is the preferred social media platform for 47% of teens using the platform – up 12% year-over-year.
  • 82% of teens expect their next phone to be an iPhone, which is up from 81% in spring 2017, and more importantly, the highest we have ever seen in our survey.
  • Teens who expect >50% of their future video games to be digitally downloaded increased to 50% from 45% in spring 2017 and 37% from two years ago.
  • Streaming continues to gain teen video share as preference for linear TV declined 2% since last fall.
  • Only 35% of teens listen to Pandora radio versus 49% last year as on-demand services such as Spotify, YouTube and Apple Music continue to gain share.
  • 23% of teens prefer to shop specialty retailers, which is down 3% year-over-year, while pure-play e-com tied its spring 2017 peak at 17% – up 2% year-over-year.
  • Teens increasingly prefer Amazon as their favorite website at 49% share – up 9% year-over-year.

About the Survey

The Taking Stock With Teens survey is a semi-annual research project comprised of gathering input from approximately 6,100 teens with an average age of 16.0 years. Teen spending patterns, fashion trends, and brand and media preferences were assessed through surveying a geographically diverse subset of high schools across the U.S.