Very interesting post on TechCrunch, as Mint CEO Aaron Patzer shares consolidated data from 900,000 households. Great charts. That’s The Economy According To Mint. Here’s a concluding quote:
Is it Great Depression bad? That’s a qualitative question I can’t answer. But what the data, the hard facts, mean for you – if you run a consumer business – is that your customers are spending $400 less each month than they were a year ago, have burned through half of their savings, and on average have taken on an additional $5k in debt.
And here’s a very interesting chart, one of several included:
Nothing conclusive here, but still, good to know.