When credit was flowing, stock portfolios were rising and jobs were plentiful, Americans bought and bought, stuffing their closets with everything from designer shoes to coats.
Now, worried shoppers are looking to their closets — including many items inside that still have price tags attached — as a means to raise cash to help them get by.
"People are coming up with creative ways to turn all that stuff into money," said Lisa Lee Freeman, editor-in-chief of ShopSmart, which is published by Consumer Reports.
Here are ways to make your closets work for you:
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