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According to Piper Sandler latest semiannual survey of teens, only 11% believe the economy is getting better, while 65% think conditions are getting worse. In Piper Sandler’s fall 2023 survey, self-reported spending was down 1% from a year earlier. With just 38% of survey respondents saying they held a part-time job—and the national teen labor participation rate coming in at 38.2%, well below the average of 62.7%—most teens are getting their pocket money from mom and dad.
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