NEW YORK – Consumers are splurging online. Americans spent more than $4.5 billion online during the first three weeks of November, according to the eSpending Report from Goldman Sachs & Company, Harris Interactive, and Nielsen/NetRatings. Boosted by a 29% increase year-over-year, online shoppers spent more than $1 billion more this year than in the first three weeks of November 2001. The eSpending Report also showed that spending per person increased to nearly $88 during the week ending November 22, which is 8% stronger than last year. Shoppers surveyed said that they allocated 19% of their budget for online purchases, increasing slightly from 2001. “Despite the continued economic instability, holiday shoppers have opened up their pocketbooks online,” said Lisa Strand, director and chief e-commerce analyst, Nielsen/NetRatings.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.