Are your children worried about the economy?

It's no secret that the recession has had its effect on our seemingly indulgent culture. From companies laying off millions to stagnant or decreased salaries, most of the working force has felt the pressure to stay above water. But, how is the economy affecting your teenager?

  • In a recent TeenVogue.com poll, over 1,700 girls weighed in on their woes over the recession.
  • More than 95% are at least a little worried about the economy. Almost 10% of those girls are, specifically, "freaking out."
  • Over 50% say they have moderately changed their spending patterns, and another 16% say they have cut back drastically.
  • Just over 52% of respondents know one adult affected by the recession. Nearly 30% know three or more.
  • More than half of the girls polled think the economy will start picking up in the next few years. A more optimistic 24% think it will happen this year.
The recession is so bad that this college grad is suing her school for lack of a job.

Remember that it's not just adults who are being laid off. Stores are cutting back on their work force, which includes retail or restaurant jobs that teens may have for a little extra cash. Getting laid off takes away that option for a little something extra.

Related: How to score deals on back-to-school fashion this year.

The economic climate is a perfect platform to teach your teen about budgeting and cost-cutting ways, while bonding with them in the process!

  • It's important to express to your child the importance of finding a good deal. Changing up their shopping patterns to include thrift, vintage, or discount items can be turned into a fun day of bargain hunting, and will give your child a better idea of actual worth.
  • Get cooking! Instead of an expensive dinner out, cook dinner with your teen. It teaches them a helpful skill and saves money in the process.
  • Explore local fairs, public gardens, museums, or charity events that do not cost much. Getting some culture will help to take their mind off any recession woes while exploring new interests and learning something new.
  • Practice your own recession changes in front of them. Kids learn by example, if they see you cutting ways they will take your lead and do the same in their own lives.

More ways the recession may be affecting your teen and what you can do to help ease their worries.


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