Consumers to spend same as last year on holidays

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ATLANTA — According to a recent survey by Georgia Credit Union Affiliates, 52.7 percent of Georgia consumers plan to spend the same on holiday purchases as they did last year.

Meanwhile, 38.9 percent plan to spend less this year.

The National Retail Foundation predicts shoppers will spend an average of $738 nationally during the holiday season, which is 2 percent less than last year.

Most Georgia survey participants (43 percent) plan to spend between $100 and $500 this year.

Of those surveyed, 55 percent do not save throughout the year for holiday spending, and more than 61 percent plan to use mostly cash for their purchases.

Visit www.georgiacreditunions.org for more information.