Question of the Day: How much money do consumers spend on the internet every 60 seconds?

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Sep 27, 2020
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Budgeting, Purchase Decisions, Question of the Day

Answer: $1 million

Questions:

  • Now that you know how much is spent in a minute on the internet, calculate how much is spent in...
    • an hour,
    • a day,
    • a month, and
    • a year. 
  • How many of the activities in the visual do you engage with on the internet? 
  • What impact do you think that Covid-19 has had on shopping on the internet? Do you think this will be a temporary or permanent shift?

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

Behind the numbers (from Visual Capitalist): 

In 2020, an unfathomable amount of digital activity is occurring at any given moment. This ongoing explosion in activity is the aggregate output of 4.5 billion internet users today, a number that’s projected to increase even further in coming years.

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Looking for tips on teaching remotely? Zach Blattner has lots of insights in this NGPF podcast and be sure to check out the Teacher Toolkit's Teaching Remotely resource. 

 

 

 

 

 

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.