QoD: How much money is spent on the internet every 60 seconds?

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Nov 19, 2019
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Question of the Day, Budgeting, Research

Hat tip to Yanely for pointing out this fascinating question.

Answer: $996,596

Here's what else happens in an internet minute: 

Questions:

  • You guessed the answer as to 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. 
  • What are items that you buy over the internet?
  • Do you the think shopping on the internet will increase or decrease in the next five years? Explain. 

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): 

When it comes to gauging the epic scale of the internet, it would seem that each minute leans closer to the extraordinary side of the spectrum. Today’s infographic from @LoriLewis and @OfficiallyChadd aggregates the online activity of billions of people globally, to see what an internet minute looks like.

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Here's a lesson where your students will reflect on how social media impacts their spending: Social Media and Spending

 

 

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.