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News Now

Washington
Spending survey receives broad press coverage
WASHINGTON (11/26/12)--Last week's release of the Credit Union National Association's (CUNA) and Consumer Federation of America's (CFA) 13th annual projection of consumers' holiday spending plans garnered widespread press coverage.

Among the television, cable and radio networks, and newspaper groups that attended or covered the press conference:
  • ABC Radio;
  • CNN;
  • Bloomberg; and
  • CBS.
CUNA Chief Economist Bill Hampel, at the podium, presents the results of this year's CUNA/Consumer Federation of America 2012 holiday spending survey. (CUNA Photo)
CBS Radio and Bloomberg print reporters were among those that followed up with CUNA after the event, and CUNA Chief Economist Bill Hampel also discussed the survey on Fox Business Network early on "Black Friday," Nov. 23.

The survey, which was unveiled during a Wednesday event at the National Press Club in Washington, D.C., found that more consumers plan to spend more than they did last year, while fewer plan to reduce their 2012 holiday spending.

Overall, Hampel estimated that 2012 holiday spending could increase by between 3.5% and 4% compared to 2011's totals. This improvement represents the fourth year of gradual improvement in holiday spending plans since a sharp decline in such plans in 2008, Hampel said. (See related News Now story: Holiday spending will continue upward trend, CUNA/CFA say)

Mark Wolff, CUNA senior vice president of communications, noted that CUNA "has been doing this joint press event with CFA for 13 years now as another way to reinforce with the public and through the media that credit unions are a trusted resource for consumers."


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