Research shows that youngsters consider food and gadgets as status symbol and spend more money on them, than clothes.
According to CNET, gadgets and food represent social status for teens and they spend 21 percent of their money dining out.
Though it is not clear whether teens go to elite restaurants or other hangout places, but they certainly spend more money on food.
Gadgets, including expensive phones such as iPhone, are also hot favorite when it comes to 'showing off'.
Researchers insist that expensive phones are where teen preening is at, the report added.