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National Spending on NetSpend

Posted on Thursday, November 26, 2009 by admin in Shopping

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So, While the recent rise in the gross domestic product indicates, that economic recovery may be on the horizon, [ad#ad-3]that recovery may be slow in coming as low- to moderate-income consumers are still in recession mode, close 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.
[amazonshowcase_a5ef639081fbc94e8a3807b6e57b032d]The NetSpend National Spending & Savings Index also surveys the average balances in cardholders NetSpend Savings Accounts during the same time period. Combined, the spending and savings trends are indicators of changes in consumer habits and are based on aggregated cardholder data from almost 900,000 NetSpend cardholders around the country. As a leading provider of prepaid debit cards, NetSpend is able to provide unique insights into the spending habits of low- to moderate-income (LMI) consumers-those between the ages of 30 and 50 with an average annual household income between $25,000 and $40,000.