Ripple effect of millennials not buying homes is destroying these unsung hero industries

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Ripple effect of millennials not buying homes is destroying these unsung hero industries

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The ripple effect of millennials not buying homes in America has been the destruction of several unsung hero industries. Businesses which rely on homeowners spending their spare cash on furnishings and DIY tools have been struggling as a result of the trend, as existing home sales hit the lowest level since 1995 last year. Retailers announced more store closures than openings in 2024 for the first time in two years, according to data from Coresight Research shared with the Wall Street Journal.
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