Online banking

Older people use online banking and shopping more as digitization accelerates

Elderly people learn to use smartphones during a free lesson hosted by the Seoul Metropolitan Government in this file photo. (Yonhap)

SEOUL, April 14 (Korea Bizwire)As the process of digitization accelerates amid the spread of contactless services in the pandemic era, more and more people in their 50s and 60s are using online banking and shopping platforms.

The Ministry of Science and ICT conducted a survey of 25,144 households and their 60,305 members over the age of three, 93% of whom use the internet at home, up 1.1 percentage points from the previous year.

Compared to five years ago, Internet use among children aged 3 to 9 (92%) jumped 8.1 percentage points, users in their 60s (94.5%) increased by 12 percentage points and those in their 60s (49.7%) increased. by a whopping 17.9 percentage points.

Teenagers used the Internet for education and games. People in their twenties and thirties used it for cloud services and financial trading.

Among people in their 40s and 50s, online shopping and banking were most common, while people over 60 used them to watch videos and access social media.

More people had also purchased food products (57.1%), lifestyle and kitchen products (49.1%) and furniture and home decor products (24.2%) online.

At 69.8%, more than two-thirds of those who own smartwatches and other wearables were using their health features, up 12.2 percentage points from a year earlier.

Sorted by age, the rate of access to online shopping malls by people in their 60s (41.2%) increased by 9.8 percentage points and the use of online banking services by people in their 50s (84.9%) jumped 5.8 percentage points, leading the overall standings. growth in Internet access across all age groups.

Ashley Song ([email protected])

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