BizRate.com Press Release: ONLINE SPENDING KEEPS GROWING IN Q3
Online spending continued its voracious growth rate, growing by about a quarter to about $37 billion in the first nine months of 2003. Where in years past, this growth rate multiplied against a small starting figure didn't have a great effect on the country's finances, these increases are now signifying important macro-economic trends in the consumer economy. To put it in perspective, the "Bush tax cut" in 2002 that sent checks of about $400 to many households cost about the same amount.