In the U.S., Millennials seemed more eager to pay with digital and mobile wallets when shopping online, a 2020 survey revealed. If 46 percent of them stated so, only 22 percent of baby boomers reported the same habit in online payments. Lastly, 44 percent of both individuals belonging to Generation X and younger respondents of the Generation Z stated to use digital or mobile wallets in the United States.
Share of consumers making payments with digital or mobile wallets in the U.S. in 2020, by age group
The survey sample was composed as follows:
• Gen Z (18-23 years old)
• Millennials (24-39 years old)
• Gen X (40-54 years old)
• Baby boomers (55-73 years old)
• Beyond boomers (74+ years old)
The margin of error for the sample size is +/- 1.6% at the 90% confidence level.
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FIS. (March 16, 2020). Share of consumers making payments with digital or mobile wallets in the U.S. in 2020, by age group [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/727973/consumers-paying-with-mobile-wallets-by-age-united-states/
FIS. "Share of consumers making payments with digital or mobile wallets in the U.S. in 2020, by age group." Chart. March 16, 2020. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/727973/consumers-paying-with-mobile-wallets-by-age-united-states/
FIS. (2020). Share of consumers making payments with digital or mobile wallets in the U.S. in 2020, by age group. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/727973/consumers-paying-with-mobile-wallets-by-age-united-states/
FIS. "Share of Consumers Making Payments with Digital or Mobile Wallets in The U.S. in 2020, by Age Group." Statista, Statista Inc., 16 Mar 2020, https://www.statista.com/statistics/727973/consumers-paying-with-mobile-wallets-by-age-united-states/
FIS, Share of consumers making payments with digital or mobile wallets in the U.S. in 2020, by age group Statista, https://www.statista.com/statistics/727973/consumers-paying-with-mobile-wallets-by-age-united-states/ (last visited December 30, 2024)
Share of consumers making payments with digital or mobile wallets in the U.S. in 2020, by age group [Graph], FIS, March 16, 2020. [Online]. Available: https://www.statista.com/statistics/727973/consumers-paying-with-mobile-wallets-by-age-united-states/
