Press
CFA/CUNA 14th annual holiday spending survey to be released on November 27th
WASHINGTON, DC (November 25, 2013) — On Wednesday, November 27, at 10:00 a.m., the Consumer Federation of America (CFA) and the Credit Union National Association (CUNA) will release their 14th annual consumer survey on holiday spending plans and concerns about debt levels. The CFA/CUNA survey, conducted two weeks ago (Nov. 7-10), provides fresh findings on consumer attitudes towards their financial condition and holiday spending plans.
The survey is being released on the cusp of Black Friday’s (now Thursday!) official start to the holiday shopping season. This year’s survey documents the change in consumers’ attitude in spending compared to the last several years as the economy continues to recover from the most severe recession in decades. The survey also benchmarks whether consumers feel their financial situation has gotten better or worse compared to a year ago. And, for the first time, this year’s survey asks consumers what they would do with an unexpected cash windfall of $5,000.
CFA and CUNA representatives will discuss their complete survey findings, including:
Ø The latest look at consumers’ holiday spending plans.
Ø The difference in spending plans between income brackets.
Ø Consumer concern about mortgages and making debt payments.
Ø How the recent government shutdown and budget controversies have affected spending plans.
Ø How the findings compare to consumer attitudes for the last several years.
Ø How consumer attitudes have changed over the past fourteen years.
Ø Helpful advice for managing holiday spending and avoiding holiday debt overload.
Event: CFA/CUNA Press Conference: Fourteenth Annual Holiday Consumer Spending Survey
Date/Time: Wednesday, November 27, 10:00 a.m., ET
Location: National Press Club, Zenger Room
529 14th Street, N.W., 13th floor, Washington, DC
Speakers: Stephen Brobeck, Executive Director, Consumer Federation of America
Bill Hampel, Chief Economist, Credit Union National Association
NO INFORMATION WILL BE RELEASED PRIOR TO THE PRESS CONFERENCE
Credit Union National Association (CUNA) is the primary national trade association for the country’s 7,300 state and federally chartered credit unions, which are not-for-profit financial cooperatives serving more than 96 million Americans. More at www.cuna.org.
The Consumer Federation of America is an association of nearly 300 nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education.