• A 150,000-person study of credit card and cell phone records reveals how stereotypes of city dwellers are often wrong

    7 monthes ago - By Business Insider

    After examining the credit card and cell phone records of 150,000 city-dwellers, a recent study found the spending behavior of urban residents differs based on age and gender.
    The study grouped people into five categories - Commuters, Homemakers, Youths, Tech Users, and Diners - with each category representing a unique set of habits.
    The majority of consumer purchases went toward food, with grocery stores and restaurants topping the list.
    Urban residents are often stereotyped as young, highly mobile , and eager to spend money on downtown experiences, like having a trendy meal or going to...
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