Singaporean middle-income earners spend the most online

In this article (5)
Check out what do Singaporeans buy based on monthly income.
On average, shoppers spend S$155 a month, or S$1,860 a year, on retail purchases and travel bookings online. Those with monthly salaries between S$4,000 and S$5,000 spend the most at S$194 a month, which is 20% more than those earning S$5,000 – S$6,000.
These are some key findings from a study by Personal finance comparison site SingSaver.com.sg and online shopping rewards portal ShopBack.
Together, they polled 1,979 Singaporeans aged 21 to 60 about their online shopping habits and how they save money at digital stores.
Fashion is a number one spend category for shoppers with a monthly income under S$6,000. Electronics is the next most popular category for those earning S$3,000 – S$5,000 a month, and Health & Beauty for those earning less than S$3,000 a month. Only shoppers earning S$4,000 – S$5,000 a month count travel as part of their top 3 online expenditures.
Meanwhile, respondents who earn over S$6,000 a month spend more on online groceries than fashion purchases and electronics.
Questions & Answers
Q.Which income group in Singapore spends the most online each month?
Which income group in Singapore spends the most online each month?
Shoppers with monthly salaries between S$4,000 and S$5,000 spend the most online. They average S$194 a month on retail purchases and travel bookings.
Q.What is the most popular online spending category for Singaporeans earning under S$6,000 a month?
What is the most popular online spending category for Singaporeans earning under S$6,000 a month?
For shoppers with a monthly income under S$6,000, fashion is identified as their number one online spending category. This suggests a broad appeal across several income brackets.
Q.What items do higher-income Singaporeans, earning over S$6,000 monthly, prioritise in their online spending?
What items do higher-income Singaporeans, earning over S$6,000 monthly, prioritise in their online spending?
Respondents earning over S$6,000 a month spend more on online groceries. This category surpasses fashion purchases and electronics for this particular income group.
Q.How many Singaporeans were surveyed for this study on online shopping habits?
How many Singaporeans were surveyed for this study on online shopping habits?
The study, conducted by SingSaver.com.sg and ShopBack, polled 1,979 Singaporeans. Participants were aged between 21 and 60, focusing on their online shopping behaviour.
Reader pulse
Are you targeting this segment?
21,810 votes so far