How can the economy affect a teenager’s life?

Poor economic conditions can provide both advantages and disadvantages for teenagers. On the plus side, there are many good sales at stores, which makes it easier to get good value for your money. The downside is that unemployment rates are high during economic downturns, which can make it difficult to get an after-school or summer job.

The economic downturn provides an opportunity for teenagers (adults too) to be creative and “think outside the box” when faced with daily challenges. Having less money to spend may mean cutting back on fast food and other purchases or shopping at inexpensive sources such as consignment shops.

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