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Money Matters: Holiday spending survey

Union Bank, a leading West Coast bank, revealed findings of a new survey to understand how people are spending their hard-earned cash this holiday season.

Among the money confessions: nearly half of millennials say they have used lack of money as an excuse for not being able to go home for the holidays.

Four in 10 respondents admit they feel pressure to spend on people they don't want to, even more so for millennials.

For this story and more, watch this morning’s Money Matters Report by clicking the play button above.