Youth Indicators 1996 / Indicator 43, Chart 1

Indicator 43. Spending Patterns of High School Seniors

Percent of employed high school seniors spending "most" or "all or almost all" of their earnings on selected expenses, by race and college plans: 1992

SOURCE: University of Michigan, Institute for Social Research, Monitoring the Future, 1992.

In 1992, about two-fifths percent of working high school seniors said that they spent "most" or "all or almost all" of their earnings on personal items such as clothing, records, and recreation. Black students contributed more of their earnings to meet family expenses than did white students. About 12 percent of those planning to attend a 4-year college were saving "most" or "all or almost all" of their money for education.