By  on June 11, 2007

Teens are spending less of their part-time paychecks and allowance on clothes and accessories and more on filling up their tanks and eating out.

This was the consensus of a group of 17- and 18-year-olds from Ramapo High School in Franklin Lakes, N.J., during a teen panel at Piper Jaffray's Annual Consumer Conference in New York last week.

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