This is a continuation of the CAFE Wealth survey. ( Other posts in this series can be found either by clicking on “CAFE Project” in the Tag Cloud or by clicking on “GrumbleSmiles Trust” in the Topics list).
This is a rapidly expanding area whose growth will no doubt continue. About half the group currently buy things on the internet but most of these purchases were restricted to books and holidays. Relatively few used it to buy bulk items like groceries. There are significant discounts to be obtained from internet purchases and you have to wonder whether our participants are making the most of this opportunity.
Footnote: An App that identifies discounts and free services and how to obtain them could be of significant value.
Whilst people may be right to be cautious there are nonetheless several ways of enhancing your security in terms of information on the internet and particularly in terms of financial transactions. Until these are more commonly understood, internet financial transactions may remain a barrier for older people.
Footnote: This is an area where greater awareness training and advice about sensible precautions would no doubt be a benefit.
Almost everyone knew was PayPal offered but less than a third made use of the service. It is a very significant security measure when making any purchases on the internet.
Footnote: Making it available to people would give them greater comfort about buying things.