School's out: Teenagers kick-off summer by spending big

Older age groups saw a decline in spending during June, new figures show

With schools out, spending by teenagers increased by a 23% in June compared to May.

Spending on debit and credit cards was buoyed by teenagers during the month of June, recording the largest increase among all demographics, new data from Bank of Ireland’s Spending Pulse shows.

According to the figures, spending in June dropped 6% compared to May and by 4% compared to June 2022. Bank of Ireland said June was a “subdued month” which is following a similar trend to last year.