Sex Toys Becoming More Popular, Thanks To Shows Like "Broad City" and "Grace and Frankie"
Once considered taboo, sex toys are now becoming a mainstay in pop culture. Shows like "Broad City," and films like "Fifty Shades Of Grey," have increased cultural awareness and acceptance of sex toys. Now the adult toy industry is cashing in.
Zoe Henry, Reporter at Inc. Magazine, explains why the sex toy sales are growing at a rapid rate. In 2015, the adult toy industry surpassed $20 billion. That rate is expected to rise at about 8% each year through 2020.
The parent company of stores like TJ Maxx, Homegoods and Marshalls, posted mixed results in its latest quarter, prompting it to slash its outlook for the full year.
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The average 30-year fixed mortgage rate jumped 23 basis points from last week to 6.62 percent, the highest rate since November 2022, according to the Mortgage Bankers Association.
