Overall self-reported daily consumer spending in stores, restaurants, gas stations, and online averaged $61 per day in February. That is up slightly from $58 in January and $59 in February 2010, but still in the 2009-2010 “new normal” spending range and far below the $106 average of February 2008.
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– Posted by John Hope Bryant
John Hope Bryant is the founder, chairman and CEO of Operation HOPE and Bryant Group Companies, Inc., author of bestselling business book LOVE LEADERSHIP: The New Way to Lead in a Fear-Based World (Jossey-Bass), and member of the U.S. President’s Advisory Council on Financial Capability