--- title: Even Teenagers Are Worried About Inflation Now description: Elevated prices have taken a toll on families, and that's impacting how teens think about their futures. authors: - name: Mary Ellen Cagnassola role: Reporter url: https://money.com/author/mary-ellen-cagnassola/ bio: Mary Ellen (M.E.) Cagnassola is a former reporter at Money, where she covered Social Security, retirement, housing, and employment. Her work reflects her commitment to service and equity in consumer finance. education: Rutgers University, BA Journalism at_money_since: 2021 articles: 205 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes former_staff: true editors: - name: Kristen Bahler role: Managing Editor url: https://money.com/author/kristen-bahler/ bio: Kristen Bahler has spent more than a decade turning culture, work and consumer spending trends into conversation-driving stories. Today, she leads Money's sponsored content channel and reader-favorite franchises like Best Places to Live and Best Places to Travel. education: Northeastern University, MA Journalism at_money_since: 2016 articles: 52 covers: - Economy and Politics - Banking - Business - Career Advice - Credit - Credit Cards - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://www.linkedin.com/in/kristen-bahler/ published: '2023-05-18T15:40:47.000Z' modified: '2024-01-10T14:49:59.000Z' section: Economy and Politics tags: - News word_count: 342 canonical: https://money.com/teenagers-worried-about-inflation/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo illustration of a worried teen thinking about money](https://img.money.com/2023/05/News-Teenagers-Worried-About-Inflation.jpg?crop=0px%2C56px%2C2880px%2C1620px&quality=85) Between paying for [college](https://money.com/best-colleges/rankings/) and the state of the economy, teens today have more serious money worries than just saving up for Taylor Swift tickets — and [inflation](https://money.com/inflation-rate-falls-whats-cheaper/) is one of their top concerns. In a March [survey](https://jausa.ja.org/dA/ff1373924c/file/Teens%20and%20Personal%20Finance%20Executive%20Summary.pdf) of 1,000 teenagers from Citizens Financial Group and the nonprofit Junior Achievement, almost half of the teens polled are most worried about how inflation will affect their futures. That's nearly as many who said they're most concerned with the cost of post-high school education (57%) and the burden of taking on student debt (50%). ## What the data says - It’s not just American adults that are feeling the impact of rising costs. Forty-seven percent of teens say [inflation](https://money.com/ways-supplement-income-high-inflation/) is the biggest worry they have about their post-high school futures. - More than 3 in 5 teens said their families have had to "do without" because of rising prices. - Inflationary pressures are influencing teens’ perspectives of secondary education. Seventy percent said they have financial concerns about pursuing further education after high school graduation, a 9% increase from last year. ## Why it’s important Although inflation fell for the 10th straight month to 4.9% in April, that doesn't mean prices are returning to normal. Two years of elevated prices have taken its toll on U.S. families, and it's impacting how young Americans weigh their options as they look toward adulthood. That’s a big burden for teenagers, who already have to deal with the rising cost of going to college and potential [student loan debt](https://money.com/federal-student-loan-interest-rates-increase-2023/). All of this could affect their education and career decisions, which will have an impact on tomorrow's [workforce](https://money.com/companies-college-grads-want-to-work-2023/). “The recent surge in inflation is resulting in more young people weighing their options when it comes to gaining marketable skills following postsecondary school,” the report says. [Gen Z Has a Huge Head Start on 401(k) Savings Compared to Older Workers. Here’s Why](https://money.com/gen-z-401k-enrollment-rate/) [Gen Z Is Overly Optimistic About How Long It Will Take to Pay Off Student Loans](https://money.com/gen-z-student-loans-expectations/) [Gen Zers Are Optimistic About Their Money in the New Year. Boomers? Not So Much](https://money.com/gen-z-optimistic-money-2023/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/teenagers-worried-about-inflation/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Inflation", "item": "https://money.com/inflation/" }, { "@type": "ListItem", "position": 4, "name": "Even Teenagers Are Worried About Inflation Now" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/teenagers-worried-about-inflation/#webpage", "url": "https://money.com/teenagers-worried-about-inflation/", "name": "Even Teenagers Are Worried About Inflation Now", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-05-18T15:40:47.000Z", "mainEntity": { "@id": "https://money.com/teenagers-worried-about-inflation/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/teenagers-worried-about-inflation/#breadcrumb" }, "dateModified": "2024-01-10T14:49:59.000Z" }, { "@type": "NewsArticle", "headline": "Even Teenagers Are Worried About Inflation Now", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/05/News-Teenagers-Worried-About-Inflation.jpg?crop=0px%2C56px%2C2880px%2C1620px&quality=85", "width": 1012, "height": 569, "caption": "News-Teenagers-Worried-About-Inflation" } ], "author": [ { "@type": "Person", "name": "Mary Ellen Cagnassola", "url": "https://money.com/author/mary-ellen-cagnassola/", "@id": "https://money.com/author/mary-ellen-cagnassola/#author", "description": "Mary Ellen (M.E.) 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