Scouting, Volume 71, Number 4, September 1983 Page: E6
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A TEEN AGER'S
GUIDE TO SPENDING MONEY
BY BILL SLOAN
Illustration by Julia King
Ever wonder where
all your money goes?
If you're like a lot
of teen-agers, most
of it goes for dating,
clothes, and just
getting around town.
I
f you're a typical young person with
typical finances—meaning one who is
usually either short of cash or flat
broke—some of the latest statistics on
spending and income for people in
your age bracket may come as a big
surprise.
Did you know, for example, that
teen-age Americans spent the in-
credible sum of $44 bjllion in 1982 (or
more than twice as much as the same
age group spent just five years ear-
lier)?
Or that nearly half of all the young
men and women between the ages of
16 and 20 now earn all or part of their
spendable income by holding jobs of
some kind?
Or that median annual income
from these jobs is more than $4,000?
Whether your spending money
comes from an allowance, occasional
or part-time work, or even a full-time
job, chances are you don't realize
just how much genuine—and
growing—clout you and other guys
and girls your age have in the nation's
marketplace.
Maybe you've never given that
much thought to how you actually do
spend your money. Or how much of it
you spend in an average year. Maybe
your awareness has never extended
much beyond the fact that your wallet
seems to be empty a lot more often
than it bulges comfortably with
"green stuff."
To learn more about the spending
priorities—and " perplexities—of
today's young Americans, Exploring
conducted a series of interviews with
E6
Wm-
m
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Boy Scouts of America. Scouting, Volume 71, Number 4, September 1983, periodical, September 1983; Irving, Texas. (https://texashistory.unt.edu/ark:/67531/metapth353630/m1/62/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Boy Scouts of America National Scouting Museum.