Online Shoppers Spent $6.59 Billion on Cyber Monday

Online shoppers have set a new record by spending $6.59 billion on Cyber Monday alone this year, with $2 billion of that coming from shoppers making purchases on smartphones. The National Retail Federation estimated Tuesday that more than 174 million Americans shopped in stores and online from Thanksgiving through Cyber Monday — a 17 percent increase from 2016. The group also found that those who shopped online and in stores spent or were planning to spend $82 more on average than online-only shoppers, and $49 more on average than store-only shoppers. The average expected spending per person was $335.47. The biggest spenders, however, were people aged 25 to 34 — who spent $419.52 on average. The NRF’s findings are based on a survey of more than 3,200 people.