VentureBeat - Latest Comments in Mint.com data: Economy may be bouncing back

Re: Mint.com data: Economy may be bouncing back

Jay Cuthrell — Fri, 31 Jul 2009 02:56:54 -0000

In business, focus on top line revenue and hide debt... in personal finance, Mint only the happy accounts :)

Re: Mint.com data: Economy may be bouncing back

Anthony Ha — Fri, 31 Jul 2009 02:49:23 -0000

Interesting, I wasn't aware of that.

Re: Mint.com data: Economy may be bouncing back

Anthony Ha — Fri, 31 Jul 2009 02:48:07 -0000

Agreed, which is more-or-less what I was trying to say in my paragraph full of caveats.

Re: Mint.com data: Economy may be bouncing back

matt @ Thrive — Thu, 30 Jul 2009 14:24:58 -0000

Also, remember that Mint does not actually have 1 million users providing this data, as that number includes only users that given them their email...not necessarily linked accounts, which is what would provide this info. See http://www.techcrunch.com/2... for a long discussion of the fundamental scientific errors that Mint makes in the way they treat this data.

Re: Mint.com data: Economy may be bouncing back

Chris — Thu, 30 Jul 2009 13:52:30 -0000

Remember just before the crash how good the fundamentals of the economy were? They were a lot better than these figures.

From historic comparisons going back a few hundred years from what I've seen the probability lies in favor of a further lows.

Re: Mint.com data: Economy may be bouncing back

engagoteam — Thu, 30 Jul 2009 03:07:24 -0000

The demographics of people using Mint is not representative for the whole population.
Mint users have Internet access, are Internet savvy and need to follow-up on their spending.
And they spend $12,000 a quarter = net income of $48,000 a year (way above the average income)
- A large part of the US population hasn't even got Internet access and have never heard of Mint.
- The richer don't use Mint to follow-up on their spending.

Thus the conclusion can be: a certain social class could be spending a little more than previously.