Dec 18, 2018

Question of the Day: What are the items that the highest percentage of people prefer to purchase online rather than in a physical store?

Answer: Books, music, movies and video games

From Statista

Questions:

  • Which of the items in the chart above do you prefer to purchase online vs. in-store? Why do you like to purchase some things in a store instead of online? 
  • Why do you think that only 1/4 of people prefer to buy their groceries online rather than in a store?
  • How do think these percentages will change in 5 years? Why? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Statista):

According to a study published by PwC, some products are preferably bought online while others are better purchased in-store. The latter is especially true for groceries, which 70 percent of consumers surveyed get from brick-and-mortar stores and only 23 percent online. While it is convenient for consumers to buy household appliances (56 percent) or furniture and homeware (59 percent) in-store, books, music, movies and video games are rather purchased online (60 percent). As the survey reveals, a mere 28 percent would go to a store instead to buy products from this category.

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Want to read about how online shopping makes dummies of us all? Check out this post about the psychology of online shopping. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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