Tuesday, August 27, 2019

33% Participate in the "Sharing Economy"

Only one-third of internet users participate in the "sharing economy," according to the National Telecommunications and Information Administration's 2017 Internet Use Survey. The NTIA defines the sharing economy (or P2P) as people buying, selling, or trading goods and services with one other through online platforms.

Not surprisingly, internet users who participate in the sharing economy are younger (median age 42) than internet users who don't participate (median age 52). Also not surprisingly, the higher the income, the greater the participation...

P2P participation of internet users by household income, 2019
33% of total internet users
23% of those with incomes below $25,000
27% of those with incomes of $25,000 to $49,999
32% of those with incomes of $50,000 to $74,999
36% of those with incomes of $75,000 to $99,999
47% of those with incomes of $100,000 or more

Requesting services is the most common form of participation in the sharing economy, with higher-income internet users most likely to do this. Fully 39 percent of internet users with household incomes of $100,000 or more had requested services, for example, versus only 16 percent of those with household incomes below $25,000. Among all internet users, 26 percent had requested services.

Offering services is a much less common P2P activity. Among all internet users, 6 percent had offered services such as ride hailing or lodging. Participation by household income ranges narrowly from 4 percent of those with the lowest incomes to 8 percent of those with the highest incomes.

Selling goods is undertaken by 11 percent of all internet users. Participation ranges from 9 percent among those with the lowest incomes to 14 percent among those with the highest.

Source: NTIA Data: Two-Thirds of U.S. Internet Users Do Not Participate in the Sharing Economy

No comments: