CFA/CUNA 13th Annual Holiday Spending Survey To Be Released Wendesday (Nov. 21)
Data Suggest Change in Consumer Attitudes on Spending and Debt
November 19, 2012
FOR IMMEDIATE RELEASE
Contact: Mark Wolf, CUNA Communications; (202) 508-6764
Jack Gillis, CFA; (202) 737-0766
Washington, DC - On Wednesday, November 21, at 10:00 a.m., the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA) will release their 13th annual consumer survey on holiday spending plans and concerns about debt levels. The CFA/CUNA survey, conducted just days ago (Nov. 9-13), provides fresh findings on consumer attitudes toward their financial condition and holiday spending plans. The survey is being released on the cusp of Black Friday's official start to the holiday shopping season. This year's survey documents the change in consumers' attitude in spending compared to the last several years as the economy continues to recover from the most severe recession in decades. The survey also benchmarks whether consumers feel their financial situation has gotten better or worse compared to a year ago. And, for the first time, this year's survey asks consumers whether they have the cash on hand to cope with an unexpected $1,000 expense.
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 to consumer attitudes for the last several years.
- How consumer attitudes have changed over the past thirteen years.
- Helpful advice for managing holiday spending and avoiding holiday debt overload.
Event: CFA/CUNA Press Conference: Thirteenth Annual Holiday Consumer Spending Survey
Date/Time: Wednesday, November 21, 10:00 a.m., ET
Location: National Press Club, Zenger Room 529 14th Street, N.W., 13th floor, Washington, DC
Speakers: Stephen Brobeck, Executive Director, Consumer Federation of America Bill Hampel, Chief Economist, Credit Union National Association
NO INFORMATION WILL BE RELEASED PRIOR TO THE PRESS CONFERENCE
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Credit Union National Association (CUNA) is the primary national trade association for the country's 7,300 state and federally chartered credit unions, which are not-for-profit financial cooperatives serving more than 95 million Americans. More at www.cuna.org. The Consumer Federation of America is an association of nearly 300 nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education.