Millennials more likely to sell engagement rings, survey says

| November 2nd, 2017

Millennials more likely to sell engagement rings, survey says
"Millennials more likely to sell engagement rings, survey says"

Millennials are more willing to sell their engagement rings than baby boomers, according to a survey from second-hand diamond buyer WP Diamonds.

The poll found that 40 percent of millennials would be willing to hock their engagement rings to fund a life-changing decision, such as travel, education, or a home. Baby boomers were a little more reluctant—only 23 percent said were willing to pawn their rings to fund a major purchase, it said.

The survey did not tally Gen Xers.

When asked if they would be willing to sell their engagement ring after or during a divorce, the numbers were basically identical. Sixty-four percent of millennials said they would, as opposed to 61.1 percent of baby boomers.

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Source JCK Online

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