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News Now

Washington
CUNACFA holiday spending predictions coming Monday
WASHINGTON (11/18/11)--On Monday, Nov. 21, at 10:00 a.m. (ET), the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA) will release the results of their 12th annual survey on consumers' holiday spending plans and their concerns about debt levels.

The CFA/CUNA survey, conducted Nov. 10-13, provides fresh findings on consumer attitudes towards their financial condition and holiday spending plans just before Black Friday kicks off the holiday shopping season. 

This year's survey documents consumers' concerns about spending amid persistent high unemployment and a weak economic recovery.

The survey again asks those who expressed their intent to spend less why they plan to do so.  And, in this uncertain economic environment, the survey benchmarks whether consumers feel their financial situation has gotten better or worse compared to a year ago.

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 last year and two years ago at this time.
  • How consumer attitudes have changed over the past twelve years.
  • Helpful advice for managing holiday spending.
 

The information will be released during a press conference at the National Press Club. Stephen Brobeck, CFA executive director, and Bill Hampel, CUNA's chief economist, will present the results and answer questions.


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