WASHINGTON (11/20/09)—It’s been a decade since the first joint consumer survey on holiday spending was executed by Consumer Federation of America (CFA) and the Credit Union National Association (CUNA), and this year’s outcome promise to be interesting when released Monday. The results of the tenth annual survey, conducted just days ago on Nov. 6-9, provide fresh findings on consumer attitudes towards their personal financial condition and how that may translate into holiday spending plans. After finding a record-high level of concern last year, this year’s survey documents the change in consumers' attitude in spending compared to a year ago, after more than a year of economic recession. As always, the survey asks those who expressed their intent to spend less why they plan to do so. For the first time, the survey asks consumers whether they feel their financial situation has gotten better or worse compared to a year ago. CFA and CUNA representatives will discuss their complete survey findings at a Nov. 23 press conference, 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 to consumer attitudes last year; * How consumer attitudes have changed over ten years; and * New tips for managing holiday spending.
CFA Executive Director Stephen Brobeck and CUNA Chief Economist Bill Hampel will meet with the media at 10 a.m. at the National Press Club here.