The relationship between youth culture and consumerism is rapidly growing stronger everyday. In today's world, many youth cannot distinguish between "wants" and "needs", and our capitalist economy often leads them to the fetishism of goods and services. Youth in our society often have the tendency to identify strongly with the products and services that they consume, and while they have more buying power now than ever before, they are also more gullible and confused. In addition, they are preyed upon by the media due to their desire to become socially accepted. In today's world, youth are a primary concern in our materialistic culture.
Youth have more buying power now than ever before. Baby boomers are beginning to retire, and now, as parents, they have sufficient money to be able to give a significant amount of it to their offspring. This is because they have established a sufficient flow of money to support themselves, since most baby boomers by now have a stable career. Many youth spend the majority of their disposable income on typical and conventional items such as clothing, and as a result, they also have the most buying power of all the age groups (http://www.aces.edu/urban/metronews/vol2no4/purchasing.html). Another important thing to note is that the concept of allowances is a fairly recent one. It offers a constant flow of money to children and adolescents alike, and as a by-product, it assures youth that they will have a guaranteed payday on set days. This causes teens to spend more money since an allowance is expected once every few days. If a teen did not have an allowance, then he or she would rather save their money for more important items, due to the fact that they would be unsure when they would get more money. Secondly, tuition fees for universities have skyrocketed during the last few years. This results in teens getting jobs to afford their university fees, and as a side effect, they also have more disposable income. High...
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