Recession makes teenagers across the globe be more thrifty with parents’ money

Having recognized the gravity of current economic crisis, teenagers globally cut their clothes, games and food expenses, Habbo Hotel’s survey of 61,000 teenagers in more than 30 countries found. 

Thus, about 30% of teens throughout the world are getting less money from their parents, with more than half of youngsters getting less to spend in the US, Spain and Latin America.

19% of teenagers blame the collapse hurt their spending on console and computer games. 

Youngster' annual spending power in the US alone is $176 billion and in Brazil its $43 billion, recent WPP survey said.

Over 60% of teens in Brazil, Portugal, Spain and Singapore said they are consciously spending less during the recession.

54% of U.S. teens believe it will take at least three years for the economy to recover, while almost the same amount, 50% of teenagers, in Britain and France expecting revival to take at least three years. At the same time, Finnish, Swedish, Brazilian and Portuguese teenagers were more optimistic, with only about 30% considering a downturn will take long.