These resources are brought to you by the Cooperative Extension System and your Local Institution

FAQ #39354

Have a question? Try asking one of our Experts

How can the economy affect a teenager's life?

Related resource areas: Personal Finance, Financial Crisis


View as web page

Poor economic conditions can provide both advantages and disadvantages for teenagers. On the plus side, there are many good sales at stores, which makes it easier to get good value for your money. The downside is that unemployment rates are high during economic downturns, which can make it difficult to get an after-school or summer job.

The economic downturn provides an opportunity for teenagers (adults too) to be creative and "think outside the box" when faced with daily challenges. Having less money to spend may mean cutting back on fast food and other purchases or shopping at inexpensive sources such as consignment shops.

We would like your feedback on this Personal Finance Frequently Asked Question.

Browse related FAQs by tag: personal finance, financial crisis

Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.