"But even without that frank discussion, young people noticed changes around them as a result of the economy, some of them fairly large," said Brenda Hurley, senior vice president at C&R Research. "Specifically noted were an increase in the number of garage sales, fewer vacations taken, and cutting back on spending for clothes and electronics."
The YouthBeat report noted that children are also getting independent information on economic developments, depending on the Internet, television and - surprise - old-fashioned newspapers as key resources. Although newspaper readership generally falls off among teens (to about 40 percent of the respondents), the survey found a significant increase in girls' consumption of newspapers, up to 42 percent from 32 percent in YouthBeat's inaugural edition.
"This suggests that youths are open to more than TV and the Internet as information resources, especially for depth on something as serious as the ailing economy. It will be interesting to see if this trend continues as the economy improves," said Hurley.