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
1. Monetizing Personal Possessions - In times of economic hardship, individuals are turning to selling personal possessions for financial gain.
2. Second-hand Sales - Consumers are turning to second-hand marketplaces for cheaper yet socially sustainable products.
3. Alternative Investment - As traditional stock markets become increasingly volatile, people are turning to alternative investments like gold and diamonds.
Industry Implications
1. Ecommerce - E-commerce and online marketplaces are becoming the go-to platforms for selling and buying personal possessions and second-hand products.
2. 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.
3. 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:
288,848 Total Clicks
Date Range:
Feb 09 — Jun 09
Trending:
Untested
Consumer Insight Topics:
