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 Katie Bryan | December 19, 2013

    Keep #holiday #debt in check by setting a #savings plan & sticking to it! http://ow.ly/COU1y

Saver Tips and Stories View all »

Getting Out of Debt

Written by Katie Bryan | October 28, 2013

In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel.

Read more...

Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

Read more...

Coping with a Lost Job

Written by Katie Bryan | October 28, 2013

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

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