Quarter of UK households turn to second-hand market to beat cost-of-living crunch

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New data shows that nearly a quarter of UK households are looking to the second-hand or resale markets as they look to deal with steepling costs driven by rampant inflation.

A new report by Retail Economics and law firm Squire Patton Boggs found that more than 7 million Brits are turning to the second-hand market to deal with the cost-of-living crisis. 

This shift in customer behaviour is particularly prevalent among the millennial (25- to 44-year-old) and Gen Z (18- to 24-year-old) age brackets, with 30% and 28% of respondents buying more resale or second-hand products. 

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