No, consumer spending hasn't dried up. But it has changed. Even with troubling economic indicators abound, people are still spending. Just not the same way they used to.
While U.S. spending growth has slowed—to 3.6% in March 2008 from 5.1% one year earlier—it is still growing. This issue of the MasterCard Payments Update sheds light on new consumer spending patterns during uncertain economic times and suggests strategies to make the most of them.
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MasterCard Payments Update
Making the most of an economic downturn.
People aren't spending like they used to. But do you know how they are spending?
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