7 Statistics About E-Commerce Shoppers That Reveal Why Many Consumer Stereotypes Don't Apply Online
It's important for retailers to know who their potential customers are online - and what they're interested in - to market to them effectively.
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Here are some of the most important stats about who shops online, and how:
- Age: Despite having relatively low incomes, millennials, those consumers aged 18 to 34, remain the key age demographic for online commerce, are spending more money online in a given year than any other age group. They spend around $2,000 annually on e-commerce.
- Age: Despite having ultra-low incomes, Generation Z, those aged 18 to 24, spends the highest share of their income online: 9%. (See chart, above.)
- Age: Boomers and seniors are not only shopping offline. They are pretty mobile-savvy. They have adopted mobile commerce. One in four mobile shoppers in the U.S. is over the age of 55. That's about even with their share of the overall U.S. population.
- Gender: The conventional wisdom is that women drive shopping trends, since they control up to 80% of household spending. However, when it comes to e-commerce, men drive nearly as much spending online in the U.S. as women.
- Gender: Men are more likely to make purchases on mobile devices. 22% of men made a purchase on their smartphones last year, compared to 18% of women.
- Gender: Many men want to buy everything online: 40% of men aged 18-34 say they would ideally "buy everything online," compared to only 33% of women in the same age group.
- Income: Online shoppers tend to live in households with higher-than-typical incomes. An Experian survey found that 55% of e-commerce shoppers in the U.S. live in households with incomes above $75,000.
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In full, the report:
- Explains why men are so much more important for e-commerce retail, compared to in-store, and why they are more likely to buy on smartphones than women.
- Indexes e-commerce spending by age group against the amount of time a given demographic spends online.
- Breaks down online spending habits of teens, including the brands and products they shop for.
- Examines the factors behind what drives online purchases among millennials.
- Identifies Gen X, boomer, and older consumers' online spending tendencies.
- Looks at how education and income influence e-commerce spending.
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