Marketers spend many millions trying to capture the eyeballs of today's youth. What are they learning about the current and -- more important -- future spending habits of this generation?

Ross Rubin of Reticle Research moderated a youth-led panel at the recent "Engadget + gdgt Live" conference in New York City. He spoke with Motley Fool analyst Rex Moore about the panel's reaction to Apple (AAPL 0.64%) and Google (GOOGL 1.27%) Android products, as well as data-plan limits with wireless carriers.