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Justin Pritchard

What Happens With Data at Mint.com?

By , About.com GuideDecember 9, 2010

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Mint.com tracks spending for millions of consumers. By accessing bank accounts, credit cards, and other accounts from various locations, Mint puts data in one place -- automatically updating information and categorizing your spending for you.

What happens to all that data?

Mint has been watching for patterns and sharing findings for a while -- how much people are spending, where they spend, how much they're saving, etc.  Now, you can peek at the numbers yourself. Mint Data allows you to see when, where, and how people spend.  The information is representative of Mint.com users (a younger, more tech-savvy, higher paid segment of the US) so the numbers might not be accurate for all businesses and locations.

Consumerism Commentary interviewed Intuit Personal Finance Group's Stew Langille (Intuit owns Mint.com) if you'd like to learn more.  Stew discusses a few interesting trends and concerns about privacy.

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