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That the pandemic has had sharply negative聽effects on consumer spending is well known, as are concerns that those effects are about to be even聽more sharply felt. But new figures from Piper Sandlers聽40th semi-annual Taking Stock with Teens report indic <a href=https://www.cups-stanley-cups.ca>stanley cup canada ate that among the Generation Z demographic, the effect has been particularly pronounced. The study found teen spending has dropped to its lowest level in the 20 years the company has done the report.Piper Sandlers survey of consumers under 16 estimated theyll spend $2,150 on average. Thats a 9 percent decline from 2019, when teens spent $2,371.And while 2020 has represented an unusually sharp drop, teen spending has been聽on the decline聽for some time 鈥?peaking in 2006 at聽$3,023 on average. Last year was already a record low year, with 2020 simply finding a way to lower the basement.A Foreseeable Fall-Off聽A new low water mark was foreseeable, as PYMNTS consumer surveys聽taken over the past six months聽have found that younger consumers have been worried about the economy for a while.When asked聽in March聽about what their biggest COVID-19 concerns were, millennials and bridge millennials a slightly older demographic than Gen Z cited economic concerns, while Gen Zs fears stanley france were more social in nature. Some 56.5 percent of Gen Z respondents worried that theyd lose contact with people, and 49.7 percent reported concerns about losing access to their activities.Still, 27.2 stanley cup romania percent of Gen Zers were concerned about seeing their work hours cut Ygxu Mall Owners Looking To Get Out Of The Mall Business
Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes Even Financial raising additional fundin <a href=https://www.stanleycup.com.de>stanley quencher g, Mattress Firm considering bankruptcy, the New York City Council planning to limit ridesharing licenses, Visa buying a stake in Israeli-startup Behalf and Microsoft Pay supporting MasterPass.Even Financial Gets New Round Of FundingEven Financial announced it received $18.8 million in Series A funding from GreatPoint Ventures. Others par stanley france ticipating in the funding included companies such as Goldman Sachs, Canaan Partners, F-Prime Capital and Lerer Hippeau and noted individuals, including Jacob Gibson, NerdWallet co-founder, and Jason Owen, senior vp at Credit. The Series A financing includes a previously announced $3.3 million that Even got in January.Mattress Firm Considers Options Amid Financial TroublesMattress Firm Inc., is reportedly mulling a move to file for bankruptcy protection as it looks to close some money-losing outlets and get out of some lease agreements, according to a new report. The firm, which is a unit of Steinhoff stanley quencher International Holdings NV, had sought to restructure some of its debt.New York City Council To Vote On Ridesharing LimitsThe New York City Council is set to put a one-year limit on new licenses for ridesharing vehicles, according to a new report. The move is designed to reduce car traffic and stop a decrease in driver pay. If passed, the move would be the first such decision on the ridesharing industr