Rudolf’s nose isn’t the only thing in the red after this holiday season.
In fact, 36% of Americans took on debt for celebrations this season, led by parents of young children (48%), millennials ages 28 to 43 (42%) and those earning $30,000 to $49,999 (39%).
Of this group, only 44% had planned to go into debt. Indebted six-figure earners (55%) and men (49%) were the most prepared to take on holiday debt. On average, those who took on debt spent $1,181, up from $1,028 in 2023. Across all years of our holiday survey, this debt figure was lowest at $986 in 2015.
The numbers don't lie.. If you spend money you don't have just because it might be expected of you, expect to be in that hole for a long, long time.
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Here's a great idea for a gift
you CAN afford...
Click on the picture for more information on this lovely bracelet
It's only $ 20.00 - and it comes to you with free shipping!
It's only $ 20.00 - and it comes to you with free shipping!
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