Teens splurge Rs 5K a month on clothes
Pocket money scales appear to have undergone drastic revision in India.Nearly 35 per cent of youth in urban centres of India spend a staggering Rs 5,000 per month on clothing alone, a survey by the Associated Chambers of Commerce and Industry of India (Assocham) has found.
Interestingly, children of working parents tended to spend more than children from households where one parent was working.
About 35 per cent of respondents with both parents working said they upgrade their wardrobe every month and usually spend around Rs 5,000 per month on apparel.
In contrast, 30 per cent children of single working parent families said they spend a maximum of Rs 3,000 on clothes in a month.
About 55 per cent of this group said they spend Rs 2,000- 2,500 per month to upgrade their wardrobe and 15 per cent said they spend Rs 1,000- 1,500 on clothes every month.
