Data indicates a rise in consumer spending
April 30, 2013

As the U.S. recovers from the Great Recession, personal incomes are increasing across the country, according to new research. Companies that accept credit card payments may see an increase in sales caused by the upturn in consumer financial stability.

The Commerce Department reported March saw a 0.2 percent boost in both customer spending and personal income from February.

So far this year, consumers have been increasing their purchasing, as February spending increased 0.7 percent from the previous month. Despite the payroll tax coming into effect in January, the month saw a 0.3 percent climb in spending compared to December 2012.

However, according to The New York Times, retail sales were down in March to the lowest rate in almost nine months. Even so, the economy is steadily improving this year, as the Commerce Department determined the annual rate of development was at 2.5 percent during the first three months of 2013. March's expansion rate is an improvement from the end of last year, when the economy was only enlarging by 0.4 percent.

Businesses employing electronic payment solutions may soon see a boost in revenue as consumers feel more financially secure. 

Nexus: G-WEBCD4