Young woman shopping on her smartphone during the holidays Credit/Shutterstock

Findings in the latest “Wellbeing and Your Wallet Index” from Affinity Federal Credit Union found a majority of those surveyed plan on cutting back on spending during the holidays, as younger generations are increasingly worried about their financial futures.

The Basking Ridge, N.J.-based Affinity Federal Credit Union ($4.4 billion in assets, 234,859 members) released its most recent survey this week of more than 3,000 people living in its field of membership in the tri-state area. The results published in the “Wellbeing and Your Wallet Index” showed rising costs and/or current market conditions are negatively impacting the way consumers plan to use their money during the holidays.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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