Home Lifestyle Surprising Stats About Americans’ Spending Habits

Surprising Stats About Americans’ Spending Habits

TristaFebruary 7, 2020
Goodwill thrift stores generate billions of dollars in revenue per year. Credit: Shutterstock

2. Secondhand Purchases

In the previous entry, we talked about how bleak the future is if Americans continue to consume at such a rapid rate. One of the only ways to combat this is to buy second-hand items from thrift stores. This will reduce the demand for new things, and it also keeps the objects out of the dumps. Every single day, thrift store chains like Goodwill will cycle through their inventory, and a lot of it ends up in the dump. Goodwill generates $5.37 billion in retail sales every year, which is a tremendous amount of money from reselling objects that people once owned.

You can find some amazing antiques at second-hand stores. Credit: Pixabay

According to the US Census Bureau, only 17 to 18% of Americans will go thrift shopping any given year. So the vast majority of people only want to buy brand-new items. If you want to consider buying second-hand items, but you don’t like the experience of thrift shopping, try eBay instead.

A popular souvenir from Hawaii are those dancing hula girls. Credit: Shutterstock

1. Souvenir Shopping

Many minimalists will try to spend their money on experiences like traveling instead of buying too many things. However, when most Americans travel, they tend to purchase souvenirs for their friends and family. Many of these items can be silly novelty gifts that don’t actually serve any real purpose. According to Statistica, US souvenir shopping totaled 16.75 billion dollars in 2017.

It’s not always necessary to buy a souvenir when you go somewhere. Credit: Pixabay

The issue with souvenirs is that many of them end up in the trash or get donated to thrift stores. So if you want to cut back on waste, don’t get pointless things when you go to another country. Sometimes, taking photos and creating lasting memories are enough.