America's favorite coffee retailer is still hip with teens. According to a new study from Piper Jaffray — which is conducted twice a year — teens in both an average-income group and an upper-income group all pick Starbucks as their favored food retailer. McDonald's, Chipotle, Taco Bell, Chick-fil-A and Dunkin' Donuts also rank highly, but not across income levels.
Upper income (household income of $109,000): Starbucks, Chipotle, Chick-fil-A, McDonald's and Dunkin' Donuts
Average income (household income of $56,000): Starbucks, McDonald's, Chipotle, Chick-fil-A and Taco Bell
The study notes that Starbucks has been the favored brand for both income groups for the last four years. McDonald's has been second in line for average-income teens while Chipotle has held that spot for upper-income teens. Chipotle replaced Olive Garden earlier this year as the number two pick.
Teens in both groups are spending more money on food than ever before. Food purchases account for about 20 percent of their spending this year, up from 15 percent just six years ago. This age group is also interested in eating healthier: 41 percent seek out organic foods, up from 39 percent in 2011.