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<?xml-stylesheet type="text/xsl" href="http://blogs.moneycentral.msn.com/utility/FeedStylesheets/rss.xsl" media="screen"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:wfw="http://wellformedweb.org/CommentAPI/"><channel><title>Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx</link><description>Like blogger Neimanmarxist, we were amazed at a recent statistic in The New York Times : Annual discretionary spending by teens has fallen to $2,600, a recent survey shows. That's 27% below the all-time high of $3,560 reported in the spring of 2006. </description><dc:language>en</dc:language><generator>CommunityServer 2007.1 (Build: 20917.1142)</generator><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#191438</link><pubDate>Thu, 06 Nov 2008 17:33:44 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:191438</guid><dc:creator>Ericas1990</dc:creator><description>&lt;p&gt;why do most adults just compare &amp;quot;teens these days&amp;quot; to themselves as teens. Things HAVE changed and will continue to change, thats the way life works. I am 18 and ive been working since I was 13 legally, and before that I babysat, cleaned, yard saled, anything to get some extra cash to play with. Just because &amp;quot;Teens these days&amp;quot; have more money than &amp;quot;Teens THOSE days&amp;quot; doesnt mean, every adult has to get online and *** and complain about it ranting about how spoiled we are. My parents dont make the greatest money, they never just hand me money, I work for every bit of it. &lt;/p&gt;
&lt;p&gt;Thanks.&lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=191438" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#191298</link><pubDate>Thu, 06 Nov 2008 16:30:07 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:191298</guid><dc:creator>Danny de Belden</dc:creator><description>&lt;p&gt;Not only are today&amp;#39;s children spoiled rotten, but they are also ignorant and self-abosrbed, believing that everyone and everything aroung them is their to serve their personal ends.&lt;/p&gt;
&lt;p&gt;I applaud the decent kids who may not have everyting they ever wanted, because now they have character and repsect for the things they do have, and the cry, pout, and throw a fit every time someone tells them &amp;quot;No&amp;quot;. &amp;nbsp;&lt;/p&gt;
&lt;p&gt;I won&amp;#39;t say its the parent&amp;#39;s fault, per sei, but the they really do need to learn to say &amp;quot;NO&amp;quot;.&lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=191298" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#191186</link><pubDate>Thu, 06 Nov 2008 14:05:58 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:191186</guid><dc:creator>woodguth2945</dc:creator><description>&lt;p&gt;ahemm &amp;nbsp;( clears throat &amp;amp; twists neck)&lt;/p&gt;
&lt;p&gt;my fellow americans &lt;/p&gt;
&lt;p&gt;stop thinking about wat could have been ,should have been,, whos young ,,whos old, whos black, whos white ,,,pull out of your stupid wars ,,where are these &amp;nbsp;terrorists ????? &amp;nbsp;in your paranoid minds my fellow americans &lt;/p&gt;
&lt;p&gt;and stop whingeing ,whining , belly_aching &amp;nbsp;and get to HARDER work &lt;/p&gt;
&lt;p&gt;This is your real &amp;quot;olympic time&amp;quot; &amp;nbsp;the &amp;nbsp;video game is over &lt;/p&gt;
&lt;p&gt;303 millions &amp;nbsp;shoulders to the gigantic wheel &lt;/p&gt;
&lt;p&gt;thank you &amp;nbsp; &amp;nbsp; , good nite &amp;amp; god bless &lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=191186" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#191182</link><pubDate>Thu, 06 Nov 2008 13:24:11 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:191182</guid><dc:creator>woodguth2945</dc:creator><description>&lt;p&gt;ahemm &amp;nbsp;( clears throat &amp;amp; twists neck)&lt;/p&gt;
&lt;p&gt;my fellow americans &lt;/p&gt;
&lt;p&gt;stop thinking about wat could have been ,should have been,, whos young ,,whos old, whos black, whos white ,,,pull out of your stupid wars ,,where are these &amp;nbsp;terrorists ????? &amp;nbsp;in your paranoid minds my fellow americans &lt;/p&gt;
&lt;p&gt;and stop whingeing ,whining , belly_aching &amp;nbsp;and get to HARDER work &lt;/p&gt;
&lt;p&gt;This is your real &amp;quot;olympic time&amp;quot; &amp;nbsp;the &amp;nbsp;video game is over &lt;/p&gt;
&lt;p&gt;303 millions &amp;nbsp;shoulders to the gigantic wheel &lt;/p&gt;
&lt;p&gt;thank you &amp;nbsp; &amp;nbsp; , good nite &amp;amp; god bless &lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=191182" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#191178</link><pubDate>Thu, 06 Nov 2008 11:46:24 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:191178</guid><dc:creator>woodguth2945</dc:creator><description>&lt;p&gt;ahemm &amp;nbsp;( clears throat &amp;amp; twists neck)&lt;/p&gt;
&lt;p&gt;my fellow americans &lt;/p&gt;
&lt;p&gt;stop thinking about wat could have been ,should have been,, whos young ,,whos old, whos black, whos white ,,,pull out of your stupid wars ,,where are these &amp;nbsp;terrorists ????? &amp;nbsp;in your paranoid minds my fellow americans &lt;/p&gt;
&lt;p&gt;and stop whingeing ,whining , belly_aching &amp;nbsp;and get to HARDER work &lt;/p&gt;
&lt;p&gt;This is your real &amp;quot;olympic time&amp;quot; &amp;nbsp;the &amp;nbsp;video game is over &lt;/p&gt;
&lt;p&gt;303 millions &amp;nbsp;shoulders to the gigantic wheel &lt;/p&gt;
&lt;p&gt;thank you &amp;nbsp; &amp;nbsp; , good nite &amp;amp; god bless &lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=191178" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#190898</link><pubDate>Wed, 05 Nov 2008 14:51:20 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:190898</guid><dc:creator>Toby Radloff</dc:creator><description>&lt;p&gt;I have worked since I was 12 years old, first by selling cleaning items and Christmas cards door to door, then by delivering the morning paper...Many teenagers from my generation and earlier used to deliver the newspaper, however, most kids often preferred to deliver the afternoon paper instead of the morning paper, because delivering the morning paper meant getting up at 5:00 in the morning, getting the route done by 6:00-6:30 AM, and getting ready for school. &amp;nbsp;The afternoon paper, you delivered after school. &amp;nbsp;Then you collected money from your customers on Friday and Saturday when everybody got paid. &amp;nbsp;This was when most cities had two newspapers, a morning paper and an afternoon paper. &amp;nbsp;Now, most afternoon papers either went to mornings, merged, or went out of business, and most paper routes are now delivered by adults with cars instead of kids with bikes or Radio Flyers. &amp;nbsp;I was friends with some kids who delivered the afternoon paper, and I often collected from my customers at the same time my friend was delivering and collecting, since many of my customers took both newspapers. &amp;nbsp;&lt;/p&gt;
&lt;p&gt;I never relied on my parents to buy me things. &amp;nbsp;If I wanted a TV, a stereo, a bicycle, record albums or 8 track tapes (remember those?)...I bought them myself using my paper route profits, and later, my pay from my part time restaurant job. &amp;nbsp;Back then the only video games were the Pong-type games (the Atari 2600 came later), home computers, cell phones, and MP3 players weren&amp;#39;t invented yet, and I enjoyed my teen years just as well. &amp;nbsp;Nothing high-tech like today. &amp;nbsp;How things have changed since I was a teenager in the early to mid-1970&amp;#39;s.&lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=190898" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#190442</link><pubDate>Tue, 04 Nov 2008 17:50:28 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:190442</guid><dc:creator>s. feller</dc:creator><description>&lt;p&gt;I remember back in the mid sixties, my parents gave me 25 cents a week. I was able to buy five, huge candy bars, or a 12 cent comic book and some candy. I wondered why my older sister would only buy one thing with her allowance, and save the rest. &amp;nbsp;In a short while, she could buy a doll or a necklace, while I was still eating my candy once a week. She then worked three part-time jobs and saved for college. She got a scholarship to a &amp;nbsp;Boston college for designing, but when they found out she had epilepsy as a child, they took her money away. Thank goodness colleges can&amp;#39;t do that anymore, but the point is, she perservered. She learned to save, and bought all the things that she wanted, including a home. By herself. When it was not fashionable to do so. &amp;nbsp; I know that times are different, and that it is almost &amp;nbsp;impossible to get out of high school and make a decent life for yourself without a college education. &amp;nbsp;I feel sorry for young adults now because they can&amp;#39;t even get to grow up, since most of them have to stay home due to rents being higher than most of the salaries out there. People just have to change their way of thinking and go back to the basics. Families have to stick together like in the old days, and help each other until they can become independent. &amp;nbsp;It will take longer, but it can be done. We all have to save as much as we can, keep our bills down, and keep our use of credit to a minimum. &amp;nbsp;I know I have to try to live like my parents did. &amp;nbsp;It is not easy. &amp;nbsp;Married for thirty-four years with four children, all through college, and almost four grandchildren, we are still trying to find ways to cut back. Thankfully, our kids all live close by, so we all try to help one another. &amp;nbsp;I can see my children struggling with mortgages and bills, but they are doing the best they can also. They were good kids like almost all teenagers are, but it is hard for everybody. &amp;nbsp;Stick to the basics, keep your families around you, and keep the faith. &amp;nbsp;Things always work out. By the way, our second home had a 14% mortgage during the 1980&amp;#39;s. &amp;nbsp;Times were rough then, but they always turn around.&lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=190442" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#190435</link><pubDate>Tue, 04 Nov 2008 16:52:59 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:190435</guid><dc:creator>mia</dc:creator><description>&lt;p&gt;my parents never gave me money for birthdays, holidays, or anything. not even allowance or for &amp;quot;hanging out.&amp;quot; so my life hasn&amp;#39;t changed much =)&lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=190435" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#190433</link><pubDate>Tue, 04 Nov 2008 16:46:08 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:190433</guid><dc:creator>Laurel</dc:creator><description>&lt;p&gt;Let&amp;#39;s face it. As a general rule, children are the byproduct of their parents. If you don&amp;#39;t parent your child the best you can, the media and your child&amp;#39;s peers will play a bigger role. Quit griping. Kid&amp;#39;s have learned this crap from their parents&amp;#39; lack of financial responsiblility. I see it everyday. And we see our entire country caught up in it. &lt;/p&gt;
&lt;img src="http://blogs.moneycentral.msn.com/aggbug.aspx?PostID=190433" width="1" height="1"&gt;</description></item><item><title>re: Even teens are feeling the pinch in this economy</title><link>http://blogs.moneycentral.msn.com/smartspending/archive/2008/10/31/even-teens-are-feeling-the-pinch-in-this-economy.aspx#190355</link><pubDate>Tue, 04 Nov 2008 08:31:33 GMT</pubDate><guid isPermaLink="false">e8f7cd84-7062-45ca-8a00-3f24dfc10bb9:190355</guid><dc:creator>Dana</dc:creator><description>&lt;p&gt;Granted some children are spoiled rotten you shouldn&amp;#39;t stereotype all children this way. I am 18 years old, I&amp;#39;ve had a job since i turned 16 and I have saved most of my money. My mother has done an amazing job of teaching me how to manage my money. I currently live at home because it is cheaper and my parents pay for school and gas to get to and from school. Aside from that, I pay for everything else that I want. I have never once overspent. And yes, I have a credit card that my mom and dad gave my on my 16th birthday. I have made every single payment in full and currently have no debt. Not all kids are spoiled rotten.&lt;/p&gt;
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