Holiday shoppers are not planning to reduce their spending significantly, despite news of financial turbulence, according to a new survey
released today by ING DIRECT. The survey is part of ING DIRECT's new "We the Savers
" campaign calling on committed savers to sign the online "Declaration of Financial Independence"; participate in informative online polls; and use "We the Savers" savings calculators, social networking and IM icons, online forums and more.
According to ING DIRECT's survey findings: "Although Americans seem more concerned about holiday spending during the current economic climate, half of them actually plan to spend the same if not more on holiday gifts this year as compared to last year. Most surveyed also indicate they plan to spend between $300 to over $1,000 on gifts. While this may help struggling retailers, the spending habits of consumers are not improving and their wallets are continuing to stretch. In plain terms, Americans are nowhere near where they should be in terms of saving their money."
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