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Article: eBillme(TM) Online Spending Index Shows Deep Impact from Credit Crunch on Holiday Shopping.
- Article from:
- Business Wire
- Article date:
- October 27, 2008
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Quarterly Index Data Highlights Impact of Credit Crunch on Consumer Spending and Sentiments for the Holiday Season
WILMINGTON, Del. -- The impact of the credit crunch is expected to effect holiday shopping as projected consumer spending online remains steady at $100 - $250 on average. This is according to the eBillme Online Spending Index, a quarterly survey examining consumer online spending. The survey is commissioned by eBillme, the payment option that enables consumers and small businesses to use online banking to pay now, pay securely, and use available funds. Index results for the fourth quarter show that the credit crunch is causing shoppers to reduce their ...