Luxury wallet chain mens wallets, from the most basic to the most expensive, are getting increasingly popular, and one thing is for sure: they’re becoming a popular way to make money.
The Australian Financial Report (AFR) survey of 2,000 Australians found nearly half of respondents said they bought their wallets online, with one in four opting to buy from a company in their own home, a trend that is expected to continue.
The survey of 1,000 men and women found more than two-thirds of respondents had purchased a wallet from a online retailer, with two-in-five saying they had done so online and two-quarters said they had bought from a person in their home.
The vast majority of wallets bought online were from companies based in the United States, Canada, the United Kingdom and the United Arab Emirates (UAE).
Respondents were also asked to choose the wallet brand, colour, and style of the wallet, with a high preference for the “classic” style, which is the standard wallet in many countries.
A second category of wallets included those made of leather or cotton, with nearly a third of respondents choosing a wallet made of both.
Respondent interests were not as diverse as the men’s and women’s wallets, with more than half of men buying their wallets exclusively, while women were most likely to buy the wallet with accessories such as watches, shoes and watches themselves.
But for the most part, the wallets in the survey were affordable and were not necessarily high-end products, and consumers’ wallets were likely to be of varying quality.
Responses to the survey also showed that most people were satisfied with their wallets, and almost a third said they felt their wallets had improved over the past year.
The results show a significant number of Australians are using wallets that were previously inaccessible to them and may be able to access their money online.