FASHION - American teenagers are being forced to cutback on fashion this holiday shopping season. Why? Because their parents are cutting back on spending, and this means allowances are being cut, parents are reining in on their children's credit cards and teens are being told to GET A JOB whenever they ask their parents for more money.
All of this is the result of the current recession and credit crisis in the United States.
THE GOOD NEWS: The holiday sales this season are EXTREME. All the companies are DESPERATE for cash, afraid of going bankrupt and are offering 70% sales or better. This means for those of us who do have spending money we can stretch our budget a bit farther and buy more clothes (or more quality) than we normally do.