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Online Spending Went Up $900 Billion Last Year

The pandemic lock down led to a surge in online shopping last year – a surge that was even greater than expected!

Online spending went up by more than $900 billion last year, according to data from MasterCard. In fact, nearly 20% of all spending – $1 out of ever $5 – was spent online!

And don’t expect people to return to brick-and-mortar shopping once the pandemic ends – researchers predict that 80 percent of that online spending boom will be permanent.

Danielle Tufano

 

 

 

 

 

 

 

 

 

 

 

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