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News Archives

The Spending Life Of Teenagers: Chick-Fil-A, Nike And Bitcoin

Thursday April 22nd, 2021

By : Weston Blasi
Source : Marketwatch

American teens are spending their money on chicken sandwiches from Chick-fil-A, athletic gear from Nike NKE, -1.15% and cryptocurrencies like bitcoin BTCUSD, -2.12%.

The investment firm Piper Sandler PIPR, -0.86% released a semi-annual research project detailing the spending and usage habits of teenagers with an average age of 16.1 years old.

Chick-fil-A dominated their food rankings as 18% of the 7,000 surveyed said their favorite restaurant was Chick-fil-A. Coming in at No. 2 was Starbucks SBUX, -0.98% at 12%, then Chipotle CMG, -2.43% at 11%. Legacy food brands like Dunkin’ Donuts and McDonald’s MCD, 0.08% were further down the list.