What's on the back-to-school lists of American teens? $100 tote bags, $300 Chanel sunglasses and $200 Tory Burch shoes, thanks to disposable income, indulgent parents, and celebrity envy, reports CNN. Explains one branding specialist, "There's more people they're looking up to and wanting to emulate, and they can do that through accessories." Like the 14-year-old sophomore who is buying True Religion jeans for fall! Or the 16-year-old getting a Coach bag! Hopefully, in addition to memorizing the names of luxury brands, these kids also memorizing, you know, school stuff. Otherwise we're all doomed. [CNN]