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Consumers plan to spend more on holiday gift giving this year, as much as a 4% increase, according to an annual survey on the topic sponsored by CUNA and the Consumer Federation of America. The two groups released the survey results in a press event Nov. 21.

Based on survey results collected from 1,012 respondents, CUNA Chief Economist Bill Hampel forecasted a 3.5% to 4% increase in spending over last year, representing the fourth year in a row spending has increased since declining sharply in 2008.

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