Boston, MA (BUSINESS WIRE) 31 January 2012

consumer spending with a firm grip on their economies bucked holiday trends in 2011, according to a recent study by American Consumer Credit Counseling. Many budget-conscious consumers about the upcoming holiday season 2011, consumer behavior and thus a reduction in spending than in 2010.

of 968 consumers surveyed in recent ACCC web survey, 61 percent spent less than $ 500 last Christmas, with 16 percent spend less than $ 100. Only 15 percent of respondents reported more than $ 1000.

total, 57 percent of respondents said they had spent less ConsumerCredit.com Christmas sales than in 2010. Only 17 percent said more money than a year ago and 26 percent said they considered the holiday shopping budgets on the same level as 2010.

Christmas shopping is often a significant financial burden, especially for the consumer to come into trouble making ends meet and pay off debts, said Steve Trumble, CEO of American Consumer Credit Counseling. These results speak for spending behaviors that financial difficulties have arisen in the past, and suggests that consumers take advantage of financial education resources to develop and implement a cost-conscious spending.

ACCC web survey results come to the National Retail Federation has a 3.8 percent increase in overall holiday spending predicted by all U.S. consumers in 2011. Even the Federal Reserve also reported a strong consumption during the Christmas season. This trend has helped push consumer debt 20400000000 $ in November, the biggest monthly increase in a decade of borrowing by the Fed.

their consumption even signs of an improving economy, many others can be cited for problems with over-indebtedness, said Trumble. Heavy spending the holiday shopping season about a month or two, may adversely affect the household’s financial health for many months or even years.

ACCCs recently a monthly web survey initiative, consumer surveys with a variety of financial education, budgeting and planning solution topics ranging from holidays to spend taxes and college planning and credit scores. To participate in this month of the survey, asking consumers how they will use their tax refund in http://www.consumercredit.com.

ACCCs certified and experienced instructors offer a variety of financial education, counseling and debt management services to reach the consumer with a long-term financial health and stability to help. These financial education programs to help consumers better understand and manage their economies. ACCCs holiday spending survey is the first in a planned series of monthly surveys in relation to budgeting and spending habits that are designed to help consumers identify their budgeting needs. ACCC intends to send these surveys and the results on its website and Facebook page.

of American Consumer Credit Counseling

American Consumer Credit Counseling (ACCC) is a non-profit 501 (c) (3) organization, which reach to consumers, financial health through education, counseling and debt management. ACCC provides people with practical solutions to economic problems to solve, and that consumers’ financial difficulties are often not the result of poor consumer habits, but more often extenuating circumstances beyond their control. Nations as one of the leading providers of financial services, education and credit counseling, ACCC works, consumers will help them the best plan for reducing debt and regain financial stability. ACCC is accredited by the Better Business Bureau and maintains + rating. There is also a member of the association of independent organizations, consumer credit counseling agencies. For more information, or use the free financial education resources log on or visit the ConsumerCredit.com TalkingCentsBlog.com.

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2011 · consumers · Holiday · Priceconscious · spend · Trimmed

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