US consumers are spending more compared to 2020: survey

Clutch surveyed US consumers to find out whether they were spending more or less than in 2020

spending

US consumers are spending more compared to 2020: survey. Source: shutterstock.com

According to a new survey from Clutch, 48% of people between 18 and 34 say that their spending has increased in 2021.

In fact, half of the people between 35 and 54 (50%) say that their online spending has increased in 2021. In comparison, only 43% of people between 18 and 34 and 37% of those 55 and older have reported increased online spending this year.

Experts say that reduced in-person commerce during COVID-19 made middle-aged consumers more comfortable with online shopping.

Prior to the pandemic, most middle-aged people used to do their shopping and buying in-person. But since the pandemic, there has been a shift to online shopping
Cindy Corpis, CEO of SearchPeopleFree, a software development firm

Corpis believes that the increase in online shopping by middle-aged consumers is a strong sign for the future of e-commerce.

We’ve reported that American retailers are facing a 350% rise in fraud pressure.

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