Americans are shopping more for secondhand clothing as they look to spend less and save money, according to a new report.

Shoppers are not only buying from secondhand retailers more but are also spending less on each purchase.

“The number of secondhand fashion transactions per household grew nine times faster than secondhand spending in March, yet consumers across all income groups are spending less on each purchase since April 2025,” according to a Bank of America Institute report published Tuesday using credit and debit card data.