Here's How Teens Really Spend Money, What They Like, And Where They Shop

Associated Press Sisters Abigail, 20, left, and Aridis Guszman, 14, of the Bronx borough of New York, shop during the grand opening of the Material Girl clothing line at Macy's.

Piper Jaffray released its semiannual report on teen spending Tuesday.

We dug through the report and pulled out some of the most interesting facts and charts.

Here's a summary:

1. Teens are spending most of their money on clothes and food. Here's a breakdown of teen spending by category:

Piper Jaffray

2. Teens are spending 20% of their money on food, up from 15% 10 years ago. Meanwhile, their clothing budgets have shrunk. Upper-income teens rank their favorite restaurants in this order: Starbucks, Chipotle, Chick-fil-A, McDonald's and Dunkin' Donuts. Average-income teens favorite chains are Starbucks, McDonald's, McDonald's, Chipotle, Chick-fil-A, and Taco Bell, respectively.

Piper Jaffray

3. Teens are still getting most of their money from their parents. This chart shows parental contributions for average- and upper-income teens over the years.

Piper Jaffray

4. For the first time in the survey's history, T.J. Maxx ranks as one of teens' top 10 favorite brands. Nike remains the top clothing brand for all income levels. American Eagle, Forever 21, Polo Ralph Lauren, and Urban Outfitters also rank among the most popular apparel brands. Top footwear brands for upper-income teens are, in order, Nike, Vans, Converse, Sperry Top-Sider, and Steve Madden.

Piper Jaffray

5. Brands that are losing popularity among teens include Aeropostale, Abercrombie & Fitch, and Hollister. Here's a graph of the top-cited brands that teen girls said they no longer wear:

Piper Jaffray

6. On the flip side, brands that are starting to get more popular among teen girls include Brandy Melville, American Eagle, and Free People. Teens boys cited Nike, Ralph Lauren, and Under Armour as up-trending brands.

Piper Jaffray

7. Teens' favorite websites for shopping are Amazon, Nike, and eBay.

Piper Jaffray

8. Teen girls said the top fashion trends for fall 2014 include leggings, crop tops and high-waisted pants and skirts. Men cited Nike, "preppy," "tall socks," Vineyard Vines and Chubbies as top trends for fall.

9. Instagram is the most important social network for teens, followed by Twitter, Facebook, and Tumblr, respectively.

Piper Jaffray

10. Apple remains the top electronics brand for teens. 67% now own iPhones, up from 61% in the spring, and 73% say that their next phone will be an iPhone. 16% of teens said they are interested in the Apple Watch.

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