We Love Online Spending

Posted on Jun 21 2008 - 9:39pm by Richard Sharp

Online Spending UpEven though we’re all apparently concerned over the cost of fuel and indeed food, we’re spending even more money online as figures continue to increase. On average, we spend £73 each every month online. Perhaps it’s more indicative of the fact that we can typically get products cheaper by shopping around online than by using the usual high street stores.

Electrical goods sales did slip significantly by around 10% month on month, and May’s figures are 30% higher than they were 12 months ago according to IMRG, the research analysts. More and more people are getting online and those that do shop online have become increasingly willing to buy large price items rather than just smaller items or groceries.

The younger generation is not only grocery shopping at major online sites, but rely on the Internet for all of their purchases. To most of us it’s hardly likely to be that surprising, although the £73 per month figure does seem high when you consider that not every consumer in the country uses the Internet for their purchases. The figure is believed to be inflated by the purchase of high cost items including holidays and cars but nevertheless that’s a lot of online spending.

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