Thursday, April 21, 2011

The great American sell-off: Baby Boomers divest themselves of early hoarding - MarketWatch

You've Got It. Now, Can You Sell It? - MarketWatch:

"Call it the great American sell-off. For years now Americans have been gathering and collecting at an amazing pace, filling homes that over the past half-century have more than doubled in size, to an average of nearly 2,500 square feet. And even that hasn't been enough to contain our nation's overflow of stuff. These days nearly one in 10 U.S. households maintains at least one self-storage unit, 65 percent more than did so in 1995. Filling these spaces, of course, comes naturally to baby boomers. Born into the giddy postwar climate of conspicuous consumption and weaned on decades of easy credit, they're a generation accustomed to regularly leaving offerings at the altar of retail."

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