how much do teens spend a year
Teenagers are spending an average of $5000 a year of their parents' hard-earned money, survey reveals. CASHED-UP teenagers are letting loose on spending sprees averaging $5000 a year. Well-meaning mums and dads are showering kids with money and financial freedom so they don't go without, experts say. But parents have been warned to ensure teens earn some of their keep through household chores such as mowing lawns and cleaning, or encourage part-time employment, to keep greed at bay. There should be a small base allowance of about $10 a week.