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economy according to mint
lirazsiri
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1-30-2009 6:24 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7b2edf7e-44cc-4beb-a795-b711cfda8a20/7B0CCEAB-AED6-4DFD-8398-28E648D54564/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/" href="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/" style="font-size: 11px;">www.techcrunch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/"><DIV class="post_header snap_nopreview"><A title="The Economy According To Mint" rel="bookmark" href="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/">The Economy According To Mint</A></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/"><EM><A href="http://www.crunchbase.com/person/aaron-patzer">Aaron Patzer</A> is the CEO and founder of <A href="http://www.mint.com">Mint.com</A>, a personal finance site that helps 900,000 consumers keep track of their spending. Mint’s data is a snapshot of the consumer economy. In the guest post below, Aaron parses the data to tell us what the economy looks like from consumer’s eyes.</EM></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/"><P>Fortunately, Mint.com is in a unique position to answer this question – quantitatively. Since the crisis first hit in September, our user registration rate has more than quadrupled, giving us 900,000 sample points on the economy. That’s close to 1% of US households. All told, Mint.com tracks more than $50B in assets & liabilities.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.techcrunch.com/img/ECE8B7BB-2509-4145-8BEB-7ABAB40D7A08" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.techcrunch.com/img/0685351E-B361-4FAE-9EBE-68C91215EEA0" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.techcrunch.com/img/D5D672C3-E157-4F48-9336-2B58FB1AD1ED" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.techcrunch.com/2009/01/30/the-economy-according-to-mint/"><P>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.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7B0CCEAB-AED6-4DFD-8398-28E648D54564/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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