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Visa U.S. Spending Momentum Index Rebounds in February With Spending by Older Americans Recovering Fastest

Visa U.S. Spending Momentum Index Rebounds in February With Spending by Older Americans Recovering Fastest

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SAN FRANCISCO–(BUSINESS WIRE)–Visa (NYSE: V) today announced that the U.S. Spending Momentum Index (SMI) was 109.3 in February (seasonally adjusted), up from 102.4 in January. As COVID-19 case counts fell, consumer spending momentum resumed its robust pace of expansion. The Visa SMI is an economic indicator of the health of consumer spending. When the Visa SMI rises above 100, the consumer spending momentum is strengthening and when it falls below 100, the spending momentum is weakening as fe

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