Thanks to a decades long economic slowdown, a growth in student loan debt loads, and rising unemployment, Millennials just don’t have as much money as they age group did even 20 years ago. They are perpetually strapped for cash, which has given rise to some new trends in shopping and spending. They share rides instead of owning cars, they share vacation homes instead of renting hotels, and they stream movies instead of buying DVDs. Why own a bunch of stuff if you don’t have to, anyway? Millennial shopping habits are shaking up retail, and it’s time that retailers take notice.
One of the biggest shifts that the Millennial generation has been responsible for is the fact that secondhand stores are growing at a rate 20 times that of traditional retail stores. Millennials are trying to save money, but they also care deeply about the environment and shopping used is a way to ease the strain on the environment. Learn more about Millennial shoppers from this infographic!
Infographic by: mergein.com
One of the biggest shifts that the Millennial generation has been responsible for is the fact that secondhand stores are growing at a rate 20 times that of traditional retail stores. Millennials are trying to save money, but they also care deeply about the environment and shopping used is a way to ease the strain on the environment. Learn more about Millennial shoppers from this infographic!
Infographic by: mergein.com
