America Saves Conversation with the Economists: Holiday Spending

America Saves is launching the first in a series of four conversations with economists Aaron Klein, fellow in economic studies and policy director of the Initiative on Business and Public Policy at the Brookings Institution, and Mark Calabria, director of financial regulation studies at the Cato Institute, on large economic questions and how they impact the financial well-being of individual households. In the first video of the series, which we're calling America Saves Conversation with the Economists, we asked about the role of holiday spending in the nation’s economy.

As Mark explains, the average annual change in economic activity from the holiday season to January is bigger than the typical post-war recession. The 30-minute conversation covers this annual holiday boom and bust, the mismatch between our earnings and savings, the redistribution of wealth among family members, economists’ "unsentimental" view on gift cards, paradoxes and mysteries of behavioral economics, the value of time, how we can get through the holidays without busting our budget, and much more.

Join the Conversation

Join Mark, Aaron, and America Saves for a 45-minute power chat on holiday spending and financial habits. Or share your thoughts at any time using the hashtag #HolidaySavings

Topic: Holiday Habits: Spending Less and Saving More

When: Thursday, December 8 at 2pm Eastern (iCalendar | Google Calendar |  Outlook | Yahoo)

Hashtag: #HolidaySavings

 

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Tammy G. Bruzon | October 21, 2014

    Impulse buys are an easy way to blow your holiday budget. Make a plan & stick to it! http://ow.ly/CVJZf

Saver Tips and Stories View all »

Story of an Urban Professional

Written by Lindsay Ferguson | June 26, 2019

Elaine was inspired to create a new savings goal and plan with the America Saves Pledge after reading the “The Color of Money” column in The Washington Post by Michelle Singletary.

Read more...

Saving With My Boys

Written by | September 2, 2019

When Kelly was a kid, she loved the picture book A Chair for My Mother by Vera B. Williams. In the story, a little girl lives in an apartment with her mother and grandmother. The little girl’s mother is a waitress and sole provider for their family. Together the family saves money by putting their change in a giant jar every day. They are saving for a big cushy chair for the little girl’s hard-working mother. Together with patience and diligence, they buy the mother a very comfy chair.

Read more...

Saving is a Family Affair

Written by Guest Blogger | May 21, 2019

Saving is truly a family affair for Jeff’s household. During America Saves Week 2019, he pledged to save for retirement. But making a commitment and creating a plan to save isn’t a new concept for him.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up