Amid soaring inflation, cost-of-living increases and concerns around product availability, Americans are showing an increased willingness to buy and receive pre-owned holiday gifts this year.
In a new survey 78%, or 259 million Americans, said they are likely to buy pre-owned gifts this holiday season. Among the factors driving consumers to resale are:
- Inflation (51%);
- Finding out-of-stock gifts (29%);
- Avoiding shipping delays (27%); and
- Forgoing the stress of in-store shopping (26%).
Many of these same forces are also pushing consumers toward resale to make extra cash as well, with 31% of Americans saying they have sold items on online resale platforms this year to be able to pay for holiday gifts.
For more on shifting attitudes around giving and getting used items this holiday season, check out this infographic from OfferUp.