According to LendingTree’s most recent survey, on-demand delivery service users spend an average of $407 per month on these conveniences, up from just $157 per month in 2021.
Key findings:
- The 82% of Americans who have used one of these services in the past year are spending an average of $407 a month on them. The most popular services are retail (54%), food (42%) and grocery delivery (34%).
- Almost two-thirds (65%) of users agree they’re willing to spend extra money to save time; however, 44% admit to spending more than they can afford on these services, with 27% doing so this past year.
- Over two-thirds (68%) of those who use these services believe there should be a minimum wage for delivery workers, and 79% say they tip for convenience services when it’s an option.
- 47% say they earn credit card rewards through these delivery services, and 54% say they would apply for a new card if it offered discounts and/or rewards on their favorite on-demand delivery services.
“It’s never been easier to buy something and have it on your doorstep in a hurry,” LendingTree chief credit analyst Matt Schulz says. “That’s amazing, but that convenience also can easily lead to overspending.”
As Americans credit card debt recently reach $1 trillion, overspending on delivery services may not be helping consumers' wallets.