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 Administrator2 | March 19, 2014

    Having emergency savings may be the most important way to stay afloat financially http://ow.ly/r6i1n

Saver Tips and Stories View all »

Budget like Nohemi

Written by Guest Blogger | April 19, 2019

Nohemi found out about America Saves a few years ago as an undergraduate at the University of Illinois at Chicago. She remembers attending a University of Illinois Saves event where she decorated a piggy bank and took the Pledge, but college life made her put the thought of saving at the back of her mind. Those thrifty thoughts resurfaced when she graduated with a degree in public health.

Read more...

Taking Steps Toward Financial Fitness

Written by Tammy G. Bruzon | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.

Read more...

From Overwhelmed to In Control

Written by | September 12, 2019

In 2017 Debi felt overwhelmed. Her credit cards were maxed, and she wasn't exactly sure how to handle it. When asked how her credit issues started, her answer sounded like many Savers that we've spoken to: making too many impulse purchases. “I was driven by feelings like ‘That sounds good,’ or ‘I am too tired to cook.’” Then she attended a university extension program that introduced her to America Saves. That’s where she heard the tip that set her on her savings journey - stop accumulating debt.

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