The downturn has younger Americans expecting fewer gifts this holiday season, a survey finds.
The economic crisis has kids worried about receiving fewer gifts this holiday season, according to Node Research.
Eighty-four percent of 2,500 teens and tweens surveyed across the nation said they were concerned about the economy, the Philadelphia-based youth opinion research firm reported this week. Most said they're expecting to receive fewer gifts this year as a result of the downturn.
"There is a huge correlation between kids' feelings about the economy and what they expect to see under the Christmas tree," Mike Fassino, Node's director of youth research, said in a statement.
Fassino said the results highlight the growing need for parents and teachers face to explain and educate young people about economic issues.
Despite their lowered expectations, kids are still including pricey electronics like the Nintendo Wii, Apple iPod, and X Box 360 on their wish lists.
Fassino estimates the average cost of wish lists among 10 year-olds this year is about $790.