How much can you save shopping secondhand?

Many Americans are buying pre-owned items to counteract the effects of inflation

Young man looking through clothes rail in vintage shop
By 2026, the global secondhand apparel market is expected to grow 127%
(Image credit: Raphye Alexius / Getty Images)

Buying used instead of new isn't only good for the environment — it is also beneficial for your wallet. In part, that's why thrifting has been on the rise in recent years. An estimated 82% of Americans bought or sold pre-owned items in 2022, and 93% of those shoppers reported they are thrifting "to offset the impact of inflation," said The Cool Down, citing a report by OfferUp.

That trend is only likely to continue, driven largely by the shopping habits of Gen Z, said Quartz, based on a report by thredUP. By 2026, "the global secondhand apparel market is expected to grow 127%," which is "three times faster than the apparel market overall."

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Becca Stanek, The Week US

Becca Stanek has worked as an editor and writer in the personal finance space since 2017. She previously served as a deputy editor and later a managing editor overseeing investing and savings content at LendingTree and as an editor at the financial startup SmartAsset, where she focused on retirement- and financial-adviser-related content. Before that, Becca was a staff writer at The Week, primarily contributing to Speed Reads.