There’s a chance that second hand clothing is going to be a big part of our future.

A new report found that people are much more open to investing in used styles and clothing over new clothes and items.

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Online store thredUP along with GlobalData found that the fast-fashion’s market was worth $35 million and the second hand clothing market was only worth $24 billion.

Stores like H&M and Zara which dominate the fast-fashion world have missed earnings expectations this past year.

The study predicts that the used-clothing market is going to make a lot more money and bring in more value with about $64 billion in the United States vs. fast-fashion which may reach $44 billion.

Are you a fan of thrifting for clothes and other used goods or are you more of a person who likes buying things in new condition?

Story from CNBC.com

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