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CU System
Hampel to media Consumer holiday spending OK
MADISON, Wis. (12/9/09)--News-Journal Online mentioned a Credit Union National Association (CUNA) economist’s comments on consumer holiday shopping being decent this year, and also cited the CUNA/Consumer Federation of America holiday shopping survey. “Consumers are telling us they will not cut back as much on spending as last year, but more so than in previous years,” Hampel said in a prepared comments about the survey that the publication picked up. “The survey also found that consumer concerns--at least where paying debts is concerned--is easing somewhat,” the Journal said. “Many Americans say they remained concerned about their financial condition, but it is good news that fewer people are concerned about meeting monthly debt payments this year than last,” Stephen Brobeck, consumer federation executive director, told the Journal. To read the article, use the link.
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