The hottest genre in publishing and film on both sides of the Atlantic, it has rendered wizards and vampires redundant.
And teen fiction is now so popular that it has entered the shopping basket of goods by which we calculate inflation.
Yet if the current vogue is a reaction to the recession, it’s the opposite of the adult one.
“All your generation want to do is go and see comedies like Noises Off,” my daughter says, a touch accusingly.
“These novels are like scary rides in the fairground.” What my own teenagers have responded to in the genre is not just the action-packed plots but the flawed, complex characters that inhabit them.