Research + News | Topic: Finances

TikTok Teens Are Obsessed With Fake Luxury Products

Young consumers want to wear items that look like Gucci or Lululemon, but don’t necessarily want to pay for them. Read the article here.

Is YouTube Turning Kids Into Budding Shoppers?

Kids and teens hold a lot of spending power that’s extending into households. Read the article here.

These Teenage TikTok Stars Reveal How Their ‘Goofy’ Videos Made Them Financially Independent

TikTok, which is owned by Chinese internet technology company ByteDance, has become the social media app of choice for many teens. Read the article here.

Loot Box Purchases And Skin Betting Viewed As ‘Highly Addictive’ By Young Gamers

Loot boxes are mystery items embedded within games that can be purchased for randomised rewards, including “skins” which change the appearance of a character. The skins can then be used to trade on third-party websites for real money. Read the article here.

Preteens Need Modern Payment Options For Today’s Digital Video Games

Preteens spend a lot on video games, but how? Read the article here.

How Kids’ Allowance Works In The Smartphone Age

When it comes to teaching children about money, chore charts are out, electronic accounts are in. Read the article here.

Posting Instagram Sponsored Content Is The New Summer Job

While some teens spent the summer of 2018 babysitting, bagging groceries, or scooping ice cream, thousands of others made hundreds of dollars—and in some cases, much more—the new-fashioned way: by doing sponsored content on Instagram. Read the article here.

Parents Hiring Fortnite Coaches To Improve Play, Help Children Level Up

As Fortnite Battle Royale continues to dominate the world of video games, parents are starting to invest in coaches in the same way they would for sports or academics. Read the article here.

Do Teens Use Facebook? It Depends On Their Family’s Income

While only one-third of kids from families with higher incomes said they are on Facebook, Pew reported recently, a much larger share of teens from lower-income backgrounds said that they still use the platform. Read the article here.

Amazon Reportedly Wants To Create Checking Accounts For Teens

Amazon is in early discussions with banks including JPMorgan Chase & Co. and Capital One Financial Corp. to create something akin to checking accounts that will be aimed at teenagers. Read the article here.