Millennials are Fueling the Rental Economy

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Visual Capitalist reminds us that the spending habits of millennials have not only been reshaping the retail landscape but setting the tone for its future.   They say they want anything, anywhere and anytime.  That’s pretty intense, but it is reality.  In that vein, today’s infographic looks at the top categories in which consumers rent and their potential long term impact on the economy.   Happy Friday!!!

“Although the current market for rentals is still in its early stages, the sheer momentum that the industry has gained in the last year is enough to threaten even the largest retailers—forcing them to reconsider their own business models.”

Hat tip VisualCapitalist.com.

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Director of Education & Outreach, National Real Estate Investors Association