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Article: NetSpend Releases September "National Spending & Savings Index".
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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While the recent rise in the gross domestic product indicates that economic recovery may be on the horizon, that recovery may be slow in coming as low- to moderate-income consumers are still in recession mode, closely watching what they spend on goods and services and spending more on groceries versus on dining out, according to findings of the "National Spending & Savings Index" produced and released by NetSpend Corporation, a provider of prepaid products and financial services to low- to moderate-income consumers.
The monthly index tracks year-over-year spending trends of these consumers in eight "lifestyle" categories, including "Home," "Food," "Personal and ...