In recent years there has been increasing interest in the spending behavior of teenagers. These teenagers have been thought to spend lavishly, but there has been no concrete proof of this belief. The present research seeks to determine if teenagers engage in excessive discretionary spending and display behavior that is prematurely affluent, by creating a reliable instrument to measure the construct of premature affluence. Findings indicate that teenagers are indeed prematurely affluent, using a new instrument created for this research. In addition, the relationship between teens personal characteristics and premature affluence are explored through ordinary least squares regression. Implications of excessive teen spending on their future economic health are discussed further.