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For many years, people bought as many things as they could to amass wealth. But in recent decades, young people have moved their focus to collecting fewer things. Believing that less is more in terms of happiness, these consumers have helped fuel the sharing economy. Through popular online platforms such as Airbnb and Turo, the sharing economy matches people with excess goods to those who are interested in using them temporarily for a fee. Part of The Digital Economy series, The Sharing Economy is a guide for young people interested in learning more about how sharing businesses got their start and about the role these companies have had on the global economy.
Tamra Orr
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