American Express Launches US Spending and Saving Tracker
American Express has announced results from the first American Express Spending & Saving Tracker finding that, while 60 percent of respondents who participated said they intend to spend about the same or more in the next 30 days, (compared to the last 30 days), 40 percent plan to spend less.
Today’s American Express Spending & Saving Tracker is the first in a monthly series of reports about consumers’ views about the economy and what is motivating them to spend and save. The research sample of 2,032 adults surveyed the general U.S. population, as well as two sub-groups – the affluent and young professionals.
“One year after the collapse of the financial markets, the American Express Spending & Saving Tracker shows that there has been a shift in how consumers are expressing their wants and needs,” said Pamela Codispoti, American Express Senior Vice President and General Manager, Cardmember Services. “We may now be at a point when many consumers have taken stock of their financial situation and have a better handle on what their spending and saving plans are in the current economy. I don’t think anyone expects the American consumer to quickly return to the spending levels of the last few years, but amid their cautiousness we are seeing some areas where people are willing to increase spending.”
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