Posted by Aston Avery

Sabrina Grant on how second hand fashion could earn or save us money

New research from circular marketplace Depop, found that users buying and selling secondhand items on resale platforms could find themselves £500 better off, making anything from the average of £350 all the way up to £5,000 a year just by selling the items lurking in their wardrobe, and saving an average of £185 a year by shopping secondhand.

With cost pressures and inflation continuing to rise in the UK, many are finding they have an average of £175.80 less disposable income to spend on buying clothes per month.* Despite this, Depop’s new research reveals that 44% of 18-35 year old’s in the UK are buying more clothing now than they did last year – not wanting to compromise on purchasing the fashion items they love. In fact, respondents aged 18-35 are spending £1,248 per year on new clothing, while 30% spend at least double that.

But with the rising cost of living, more and more people are in search of ways to make their piggy bank a little fatter. The data showed over half (53%) of people have been increasingly turning to secondhand shopping on marketplaces as a way of saving money in 2022.

Aston spoke to TV presenter Sabrina Grant.

Photo by Lauren Fleischmann on Unsplash

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