eBay Absorbs the Bidder Truth

By Katie McCaskey

Consumers are cutting back their purchases on eBay (EBAY Quote).

Purchase amounts are down 30% this year, with customers spending an average of $163.56 during October compared to $232.50 in January, according to the new Main Street Spending Index (MSSI) compiled by Geezeo, a personal finance Web site that helps consumers track their spending.

The number of transactions has remained approximately 2.5 purchases per month; however, the amount spent per transaction decreased significantly from $95.05 in January, to $63.92 in October, according to the Geezeo MSSI.

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Source: consumerdata.geezeo.com

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