Advances in technology affect consumer economic wellbeing in multiple ways. In recent decades, developments of information technology have changed many aspects of consumption. Dholakia (Technology and consumption: Understanding consumer choices & behaviors, Springer, New York, 2012) provides a comprehensive account on associations between technology and consumption. In this chapter, we focus on two relevant topics, online shopping and online banking. Online shopping is relevant to consumer spending. Online banking is a specifi c aspect of online shopping, purchase banking services online. Compared to the traditional shopping mode, online shopping has potential to improve consumer economic wellbeing by conducting extensive information search on the internet to locate the lowest priced and most needed products or services without traveling to the store. However, online shopping has risks of information insecurity and privacy invasion that have potential to harm consumer economic wellbeing.