The abandonment of sentimental possession for monetary gain
Implications - In times of economic hardship, people search for new ways to earn cash. A rise in unemployment, lower bonuses, and uncertainty all drive this need. In this case, individuals are profiting from the sale of sentimental and personal possessions.
Trend Themes
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Monetizing Personal Possessions — In times of economic hardship, individuals are turning to selling personal possessions for financial gain.
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Second-hand Sales — Consumers are turning to second-hand marketplaces for cheaper yet socially sustainable products.
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Alternative Investment — As traditional stock markets become increasingly volatile, people are turning to alternative investments like gold and diamonds.
Industry Implications
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Ecommerce — E-commerce and online marketplaces are becoming the go-to platforms for selling and buying personal possessions and second-hand products.
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Jewelry and Precious Metals — The jewelry and precious metal industry can benefit from the trend of alternative investments and buying and selling of second-hand items.
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Interior Design and Architecture — The interior design and architecture industries can benefit from the trend of buying and selling reconfigurable walls and other furniture.
4 Featured, 25 Examples:
292,107 Total Clicks
Date Range:
Feb 09 — Jun 09
Trending:
Untested
Consumer Insight Topics:
