Men ‘spending more online’

Men are likely to spend more money on their credit cards while shopping online than women, a new study has suggested.

The PayPal UK Online Retail Report by Experian revealed that not only do a greater number of males shop on the internet, but they also spend larger amounts of money on average.

A typical man spent £2,602 online over the last six months – £672 more than the mean total for women.

In addition, 12.9 million males now buy goods and services on the net compared to 10.3 million females.

PayPal UK’s managing director Carl Scheible commented: “The online revolution has turned men into shopaholics. We love the quick and efficient nature of the internet, especially when it comes to buying technology and gadgets.”

The study was published as the British Retail Consortium and KPMG released their July 2009 retail sales monitor, which revealed a 1.8 per cent like-for-like increase in sales values compared to the same month in 2008.

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