fbpx

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!

NowSourcinghttp://nowsourcing.com
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.

More from author

Leave a Reply!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related posts

Advertisment

Categories

Latest posts

Convincing Yourself To Cook More at Home

Cooking is something that too few of us do at home. With the convenience of food delivery services and prepared meals,...

4 Things You Should Know About Mini Split AC Systems

If you have been struggling to keep your home at a comfortable temperature during the hottest months of the year, then it...

TOP tips to enter Appleby college for foreign students

How to enter Appleby college for foreign students: fees and requirements  Appleby College is a renowned private school in...

Want to stay up to date with the latest news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!