Instagram released its 2022 trend report on Monday, and the results for Gen Z’s forthcoming shopping habits are, well, unsurprising. According to Instagram’s data, 1 in 4 people surveyed (which is around 23%) are expected to thrift more for their clothing through online shops like Poshmark and Depop in 2022. About 24% of young people are expected to also sell more clothing online.
This isn’t all that surprising, especially if you are also someone that shops online. The availability of certain styles on resale websites seems to increase almost daily. Plus, according to ThredUp, the secondhand market is projected to double in the next 5 years, reaching $77B. So what does it all mean?