Consumers Expect to Spend Slightly Less on Holidays This Year
Washington, D.C. – Consumers report slightly lower intended holiday spending in 2015 than they reported in 2014, according to the 16th annual holiday spending survey conducted by the Consumer...
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Personal Savings Index (PSI) Indicators Lower This Month Than Last September
Washington, D.C. – Data from the January 2016 Personal Savings Index (PSI) survey by America Saves reveals that savings interest, effort, and effectiveness indicators were considerably lower than these...
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Less Than Half of U.S. Households Report Good Savings Progress, According to...
Washington, D.C. – The ninth annual America Saves Week survey has found that only two-fifths (40%) of U.S. households report good or excellent progress in “meeting their savings needs.” This...
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Personal Savings Interest, Effort, and Effectiveness Steady Over Last Year,...
Washington, D.C. – The interest, effort, and effectiveness of Americans to save money remained steady compared to a year ago, except for declines for Americans earning $100,000 or more, according to...
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American’s Personal Savings Indicators Tumbled in Past Year, Especially for...
Washington, D.C. – According to the latest America Saves Personal Savings Index, the perceived interest, effort, and effectiveness of Americans to save money declined in the last year, and savings...
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Over Past Decade, Savings Habits Eroded, But Perceived Savings Outcomes...
Washington, D.C. – The tenth annual America Saves Week survey revealed that fewer than two-fifths (38%) of American households report good or excellent progress in meeting their savings needs, with...
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A Quick Guide to Managing Your Money and Avoiding Debt Trouble
If you have lots of debt, you’re not alone. Many Americans are struggling to keep up with their student loans, credit card debt, car loans, utility bills, and rent or mortgage payments. Unexpected...
View ArticleRepeal The Pink Tax On Women
Statement of Jack Gillis, Executive Director, CFA Washington, D.C. — My name is Jack Gillis, and I am the Executive Director of Consumer Federation of America. CFA is an association of over 250...
View ArticleShopping Smart on Prime Day: How to Keep Summer Bargains from Becoming Fall...
Washington D.C. – Shopping around during this summer sales event can be a great way to save, but also provides an opportunity to way overspend. Jack Gillis, CFA’s Executive Director, has six tips to...
View ArticleShopping Smart: CFA’s Jack Gillis Releases His Latest Tips to Keep Holiday...
Washington D.C. – Retailers have “upped the ante” this year by offering “door busters,” “midnight specials” and other holiday sales incentives well before Thanksgiving’s Black Friday. To provide...
View ArticleDo Big Banks Provide Affordable Access To Lower Income Savers?
A Consumer Federation of America report has concluded that only 25 of the 101 largest banks (by number of branches) promote automatic saving and offer savings accounts that are accessible and...
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Only One-Quarter of Big Banks Promote Accessible and Affordable Savings...
Washington, D.C. – A new Consumer Federation of America (CFA) report has concluded that only 25 of the 101 largest banks (by number of branches) promote automatic saving and offer savings accounts that...
View ArticleGovernment Must Protect Consumers’ Health And Pocketbooks During COVID-19 Crisis
Washington, DC – Today the Consumer Federation of America provided the President and Congress with a Comprehensive Consumer Agenda to address the COVID-19 crisis, beginning with the need for a...
View ArticleBlack American Finances and Savings in a COVID Era
America Saves, a program of the Consumer Federation of America (CFA), released a new study – Black American Finances and Savings in a COVID Era – that utilizes new data from the Federal Reserve Board’s...
View ArticleNew Research Shows that Most Black Americans Worry About Their Financial...
Washington, D.C. – Today, America Saves, a program of the Consumer Federation of America (CFA), released a new study – Black American Finances and Savings in a COVID Era – that utilizes new data from...
View ArticleVehicle Shortage Wreaking Havoc with Car Buyer’s Pocketbooks
Washington, D.C. – As Americans begin to see the light at the end of the COVID tunnel, record numbers of buyers are venturing back into auto showrooms. “The problem,” says Jack Gillis, CFA’s Executive...
View ArticleTraditional Savings Accounts: Are They Still Popular?
The Consumer Federation of America (CFA) released a report addressing a key question about traditional savings accounts at banks and credit unions: Since they often pay only 0.01 percent interest – 10...
View ArticleNew Research Reveals that Traditional Savings Accounts Have Grown More...
Washington, D.C. – Today the Consumer Federation of America (CFA) released a report – Traditional Savings Accounts: Are They Still Popular? – addressing a key question about traditional savings...
View ArticleJack Gillis to Retire After 38 Years at CFA – Most Recently as Executive...
Washington D.C. — After 38 years with the Consumer Federation of America, long-time consumer and auto safety advocate, Jack Gillis, will be retiring as CFA’s Executive Director in January 2022. Gillis...
View ArticleCoping with “Shrinkflation”: Tips on Making Ends Meet as Packages Get Smaller...
Washington, D.C. – “Consumers are being hit with a double whammy,” says Jack Gillis, CFA’s Executive Director, “with inflation raising prices and sellers shrinking package contents, ‘shrinkflation’ has...
View ArticleSAVE OUR RETIREMENT COALITION GROUPS APPLAUD PUBLIC RELEASE OF DEPT. OF...
WASHINGTON, DC – The following steering group members of the Save Our Retirement coalition – AARP, AFL-CIO, AFSCME, Americans for Financial Reform, Better Markets, Center for American Progress,...
View ArticleSAVE OUR RETIREMENT COALITION STATEMENT REGARDING DEPARTMENT OF LABOR RULE TO...
Washington, D.C. – The following steering group members of the Save Our Retirement coalition – AARP, AFL-CIO, Americans for Financial Reform Education Fund, Better Markets, Center for American...
View ArticleCFA Applauds CFPB Proposal to Supervise Payment Apps
Washington, DC – The Consumer Federation of America has released this statement in response to the proposal announced today by the CFPB to Provide “New Federal Oversight of Big Tech Companies and Other...
View ArticleDOL Retirement Security Proposal Would Protect Retirement Savers From Bad...
The Department of Labor (DOL) recently released a rule proposal that would strengthen protections for retirement savers who seek professional investment advice. The current rules need to be modernized...
View ArticleCFA’s Policy Recommendations for a New Administration 2025
In a recent letter, the Consumer Federation of America urges the next U.S. Presidential Administration to prioritize key pro-consumer policies. The letter calls for stronger regulatory reforms and...
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