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TechCrunch: The Economy According To Mint

Tags » Banking Industry, Personal Financial Management  » Comments (0)

Mint.com CEO Aaron Patzer has posted a guest column on TechCrunch in which he shares some of the aggregate data that Mint.com has captured from its users sharing their spending data.

Looking across spending as a whole in 2008, we can see a phase change beginning in the summer. After a bump in the May/June time frame from tax refunds and credits, we see spending declined by $400 / month / household. Spending eroded even further (a $200 drop) in November along with consumer confidence, bouncing back only slightly for the holidays.

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