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CU System
Holiday spending survey to be released Monday
WASHINGTON (11/21/08)--The ninth annual consumer survey on holiday spending plans and concerns about debt levels will be released Monday by the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA). CFA Executive Director Stephen Brobeck and CUNA Chief Economist Bill Hampel will meet with the media at 10 a.m. EST Monday at the National Press Club to release the data from the survey, which was conducted Nov. 6-8. This year's data will show that a record number of survey respondents anticipate spending cutbacks. For the first time, the survey asks those who expressed their intent to spend less why they plan to do so. Overall, the survey results provide fresh findings on consumer attitudes toward debt and their holiday spending plans. CFA and CUNA representatives will discuss their complete survey findings, including:
* The latest look at consumers’ holiday spending plans; * Consumer concern about credit cards and paying off the full monthly balance; * How the findings compare with consumer attitudes at this time last year; * How consumer attitudes have changed over the past nine years; and * New advice for managing holiday spending.
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