Teenagers on average are spending $2,600 annually on food and clothes, favoring retailers Lululemon, Ulta, Amazon and Vans, along with fast-food chains like Chick-fil-A and Chipotle, according to a new survey.

Investment bank/asset management firm Piper Jaffray Co., in its spring 2019 Taking Stock With Teens survey, asked 8,000 U.S. respondents (average age 16), asked where they were spending money; 54 percent of respondents were male and 46 percent were female.