• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

28% of Christmas Shoppers Still in Debt from Last Year

November 22, 2018 Leave a Comment

Almost 3 in 10 shoppers are going into the holiday season still carrying debt from last year’s festivities. CNBC reports:

For some people, opening up a credit card statement is like a visit from the Ghost of Christmas Past.

Holiday shoppers are expected to spend generously this year, with the National Retail Federation estimating the average consumer’s outlay at $1,007 for everything from gifts to food to holiday attire — a 4.1 percent increase from last year. Another analysis, from NerdWallet, anticipates an 18 percent jump on gift spending alone, to an average total $776.

But that doesn’t give the true picture of the cost: 28 percent of shoppers are entering this holiday season still paying off debt from last year’s festivities, according to NerdWallet.

Experts say that if you’re among those still lugging around debt from last year, now is a good time to pause and strategize, before Black Friday week sets off a long stretch of frenzied spending.

Related

Leave a Comment Cancel reply

Must Read

  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • What's the Recommended Temperature for Vacant Home in Winter?
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Average Person Worries About Money 6 Times A Day
  • How to Refinance a Paid Off Car
  • Apple Launches Apple Card's Savings Accounts With 4.15% Interest Rate
  • How to Cash Out Pension Plan Early
  • Where Best to Invest Your Money In 2017
  • The Best Day of the Week to Buy Mutual Funds

Recent Posts

  • Apple Launches Apple Card’s Savings Accounts With 4.15% Interest Rate
  • More Americans Are Using ‘Buy Now, Pay Later’ Services To Pay for Groceries
  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2023 · Personal Finance News