CUNA and the Consumer Federation of America delivered good newsto the nation's retailers Wednesday: according to the groups'annual survey, consumers plan to spend more on holiday gift givingthis year.
Based on survey results collected from 1,012 respondents, CUNAChief Economist Bill Hampel forecasted a 3.5% to 4% increase inspending over last year, representing the fourth year in a row spending has increased since decliningsharply in 2008.
About 12% of respondents said they would spend somewhat or muchmore than last year, compared to 8% in 2011. Forty-five percentsaid they would spend about the same as last year, and 38% saidthey would spend somewhat or much less, a drop from 41% who saidthey would spend less in 2011.
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