TITLE

Debt-Laden Consumers Spending Dangerously

AUTHOR(S)
Francella, Barbara Grondin
PUB. DATE
August 2006
SOURCE
Convenience Store News;8/28/2006, Vol. 42 Issue 10, p76
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines the impact of rising gasoline prices on sales of convenience stores. In the year ahead, retailers may see a decline in consumer spending as Americans fail to pay for credit cards. According to Robert Manning, author of the book "Credit Card Nation," consumers' spending ability will be reduced as the minimum credit-card payments is increased from 2 percent of the balance to 4 percent.
ACCESSION #
22205769

 

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