Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NEW: CUNA/CFA: Holiday Spending Expected To Increase This Year
WASHINGTON (11/27/13, UPDATED: 10:15 A.M. ET)--More consumers plan to increase their spending during this year's holiday season, and fewer consumers plan to spend less than they did last year, according to the 14th annual holiday spending survey conducted by the Consumer Federation of America (CFA) and the Credit Union National Association.

Since 2012, the percentage who said they would spend more than the previous year rose from 12 to 13, while the percentage who said they would spend less declined from 38 to 32. These changes continue the trend from 2011, when only 8% said they would spend more while 41% said they would spend less.

Nearly one-in-four (24%) said their financial situation was better this year than in 2012, while 29% said their financial situation was worse. The percentage of those who said it was worse was the smallest since CFA and CUNA began asking the question in 2009.

"The survey suggests that holiday spending will increase at least as fast as last year. It is also encouraging that fewer Americans see their economic status as worsening, despite on-going federal budget issues in Washington," CUNA Chief Economist Bill Hampel said.

Watch News Now for more on the spending survey release..


RSS print
News Now LiveWire
Yesterday, #creditunions across the country encouraged members to #gogreen on #EarthDay http://t.co/boBamaLJoh #greenliving
2 hours ago
As ticket prices for sporting events soar, #creditunions are pitching in to drive down costs for members http://t.co/EgrrtkVlgt
4 hours ago
Shodair Children's Hospital in MT receives #NCUF @BizKidsTV, thanks to @mtcus4you http://t.co/oxGAbqpU5h
4 hours ago
Buy me some peanuts and Cracker Jack ... on a budget, says @NW_Banking, See #NewsNow http://t.co/ddBEQ0BblR
4 hours ago
.@CUNA leaders discuss #creditunion housing finance reform policy issues @WhiteHouse http://t.co/2O0pFr5nxg
5 hours ago