We, as millennials and Gen-Z kids are responsible for ‘killing’ various things and industries such as handshakes, Applebee’s, beer, napkins, bar soap and oddly enough, diamonds.  These items or places no longer fit the needs of younger generations today.

BUT!

We have successfully resurrected the Vinyl industry!  The old-fashioned albums.

“Exchanging convenience for an experience-”

Younger generations would much rather enjoy the experience of owning and playing records rather than just streaming music from cellular devices or using CDs.

The industry is booming because of the new found high demand.

Because yes, being able to listen to your favorite songs on your phone at anytime is convenient, but some are starting to collect their favorite songs in physical album form.

Vinyl is also seen as a mark of individuality and willingness to go an extra mile to support a favorite artist.

The awesome art on the album covers is one reason why most people are converting back to vinyl records.

A small percentage of the people that purchase the vinyls do not even listen to them, they simply have them for decoration.

Most parents are delighted with the new found interest, but are noticing the extreme differences in the price range.

In the 1970s and 80s, records that would previously sell for $10-$15 are now selling for close to $40.

Record players are selling for $75-$100.

Today, they are still priced as rarities, but hopefully in the next 10-20 years, the prices of Vinyl records will fall back to what they once were and become more common and available to the public.

Information was from the following article:  Bernstein, Linda.  “From Vinel LPs to Robbit Ears, 5 Old Technologies That Millennials and Boomers Should Consider.”  Forbes. 2017.

Taylor, Kate. “‘Psychologically scarred’ millennials are killing countless industries from napkins to Applebee’s-here are the businesses they like the least.” Houston Chronicle. 2017.