Consumers Will Spend Despite Economy, Says American Express
October 7, 2011,
NEW YORK-Even with economy continuing to waver, 64 percent of consumers polled in the American Express Spending & Saving Tracker said they will either spend the same or more in the next six months, compared to the same period last year.
This represents an increase of 10 percentage points over the same findings from last year's survey. In terms of spending plans, 43 percent of the survey respondents said they plan to make a large purchase by the end of this year, with 14 percent saying that this purchase would be furniture and 10 percent opting for a household appliance.