00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Vinyl record sales are resurging, driven largely by Gen Z, which accounts for a growing share of
00:07buyers even as many do not own turntables, according to CNN. Sales have grown an average
00:13of 18% annually over the past five years, with about 60% of Gen Z saying they buy records,
00:18according to FutureSource Consulting. More than half of Gen Z vinyl buyers value records for
00:24their aesthetic appeal and home decor use, reflecting symbolic consumption that signals
00:28fandom and treats albums as affordable art. High retail prices for new releases have also fueled
00:34interest in secondhand markets and local record stores, aligning with Gen Z's interest in
00:39sustainability and thrift-driven consumption. For all things money, visit Benzinga.com.
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