Gen Z Shoppers To Give More Secondhand Gifts

Twenty-seven percent of consumers plan to give secondhand items as holiday gifts, according to a Deloitte report. Gen Z consumers are the most likely to give used gifts. While 61% of Gen Z and 43% of millennials plan to give used goods as gifts, only 25% of Gen X and 13% of baby boomers said the same, the report found. Among the consumers giving used items to loved ones during the holiday season, 68% of consumers planned to give their family secondhand items as gifts, followed by 37% of secondhand gifts slated for friends, 28% for themselves and 17% for work colleagues, according to the report. As for why consumers are opting to give used items as gifts, 50% of consumers said they’re doing so to save money, 24% are doing so to afford a luxury item and 13% want to shop sustainably, per the report. Read more at Retail Dive.