Media pick up CFA/CUNA's holiday spending tips
MADISON, Wis. (11/25/09)--Several prominent media outlets picked up findings from Monday's Credit Union National Association (CUNA) /Consumer Federation of America (CFA) press conference on their annual holiday shopping survey and spending tips.
Among those reporting the conference were CBS news.com, America Online's Walletpop, the San Francisco Chronicle, The Wall Street Journal and NBC.com.
The conference also generated considerable coverage in local media markets around the U.S., including WCBS radio in New York City, and WTOP radio in Washington. D.C., plus Fox TV News in Washington, and local TV coverage on stations in Chicago, Austin, Sacramento, San Francisco, Detroit, Nashville, Salt Lake City, Buffalo, Memphis, Birmingham, Ala. and Las Vegas--among others.
CUNA Chief Economist Bill Hampel predicted that consumer spending during the upcoming holidays could increase by as much as 3% compared to 2008's numbers. Speaking during the press conference, Hampel said that 43% of consumers surveyed this year said they intend to cut back their holiday spending, compared to 55% last year (News Now Nov. 24).
The San Francisco Chronicle, in a consumer column about holiday shopping tips written by Kathleen Pender, quoted Hampel in one of her tips about sticking to a predetermined holiday spending limit.
"Even if you go over your limit, keeping the list will make you a more restrained spender than having no list at all," she wrote. "It's like the difference between going to the grocery store when you're hungry versus after a big meal," Hampel told her.
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