Debt-Laden Consumers Spending Dangerously

Francella, Barbara Grondin
August 2006
Convenience Store News;8/28/2006, Vol. 42 Issue 10, p76
Trade Publication
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.


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