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WASHINGTON — The seventh annual survey commissioned by the Consumer Federation of America (CFA) and CUNA has found that consumers may be making more of their holiday cheer on a somewhat tighter budget this year.

The CFA/CUNA survey found that while energy costs are declining, they remain the most important factor in holiday spending, cited by 32% of respondents who said they would spend less. Still, this figure is down from 41% the year before. It was also cited by 26% of respondents as the cause for increasing their spending. “Consumers are still clearly concerned about energy costs, but they appear less troubled about them than last year,” CFA Executive Director Stephen Brobeck observed.

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