Is Restaurant Spending on the Rebound?

Published Monday, June 29, 2009

Americans may not be convinced the recession is over, but they are loosening the purse strings a bit more for food and dining out, according to a personal finance website. Mint.com recently analyzed data from its million-plus users and determined that spending across eight categories during the first quarter of this year dropped 17 percent versus the same quarter last year. The only exception: food and dining, which grew—by a paltry two percent. Compare that to shopping, where users slashed their spending by more than 40 percent, or entertainment, where it ...

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