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News Now

Washington
CUNA/CFA Holiday Spending Survey Out Today
WASHINGTON (11/27/13)--Holiday spending plans, consumer debt concerns and the nation's general feelings about the economy will be revealed when Consumer Federation of America (CFA) Executive Director Stephen Brobeck and Credit Union National Association Chief Economist Bill Hampel present the 2013 Holiday Spending Survey today at the National Press Club in Washington.

This year, 1,002 persons were interviewed by landline or cell phone between Nov. 7 and 10. The respondents were asked whether they feel their financial situation has become better or worse in the past year. The survey also documents changes in consumer attitudes in spending compared to the last several years.

This year's survey will also reveal how the recent fiscal fights in the U.S. Congress, and the subsequent government shutdown, have impacted consumer confidence. The survey presentation is scheduled to begin at 10 a.m. ET in the National Press Club's Zenger Room.

The CFA and CUNA also present tips for managing holiday spending, including low-cost and free ways for families to celebrate the holiday, during the survey release.

This is the 14th year that the CFA and CUNA have prepared and released the survey, which is unveiled ahead of Black Friday, the traditional start of the holiday shopping season.


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