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In an economy wrought with rising gas and food prices and falling home values, more and more consumers are cutting back on purchases of non-necessity items, according to Bloomberg, one of the top most-trafficked financial sites on the Web.

But there is at least one sector of the economy that is booming, however – the secondhand clothing market.

According to the National Association of Resale and Thrift Shops, sales in the secondhand clothing industry “have increased by 5 percent each year of the last decade,” an increase that NARTS foresees as continuing ...