The pandemic lockdown 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.
How much more online shopping did you do last year vs. previous years?