New data from the Bureau of Labor Statistics reveals fewer people are shopping on any given day than they were 20 years ago, and those who do are spending less time on the task. However, we’re spending more money, likely because we no longer have to even open our wallets, let alone leave the house, to buy all of the things we need or desire. While our efforts have eased, online shopping has helped drive a dramatic increase in retail spending over the past few decades. The amount of time spent by those shopping on a given day fell by about six minutes during the 20-year period. The article Data: Americans Spending Less Time, More Money on Shopping originally appeared on NerdWallet.

Source: Daily Sun August 02, 2024 04:35 UTC