Millennials Adapt To Low Wages By Shopping Secondhand

Millennials are literally killing retail. But wait, it’s not actually such a bad thing. There’s plenty of stuff rising up to take the place of stuffy old brick and mortar stores that no one enjoys going to anyway. Online retail, thrift shops, and the sharing economy are where it’s at as far as Millennials are concerned.

Thrift shops are growing 20 times faster than traditional retail locations. Millennials don’t have a lot of extra cash thanks to the stagnating wages and student loan debt that have come standard in their generation. As a result, 30% of Millennials report they have shopped secondhand within the last year and 21% report they will shop secondhand in the future. It’s also a great way to go green and make sure you never show up to the festival wearing the same outfit as someone else!

Learn more about Millennial shopping habits from this infographic!

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

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