According to experts, despite of credit card balances coming down through a recession that hit in 2007, the fundamental behavior of consumers of not saving enough didn’t change. As reported by the Department of Commerce, the total savings of average household in 2012 were 3.9%, which is considered better than only a 0.9% of Americans who were saved in 2001. However, it is less than the 5.4% savings rate in …

According to the company, the idea behind such program was to make the situation less uncomfortable than to displaying the mobile phone in front of the cashier or pulling out a paper coupon. Being less clumsy and easier, Foursquare expects more individuals to join the program. Hence, the check-in-deals program has been opened to all Foursquare users, “making everyone happy.” According to Noah Weiss, Foursquare product manager, when the users …