Many Will Go Into Debt from Holiday Shopping, Survey Shows

News - December 12th, 2018

“I try to save throughout the year so I don’t have to use credit cards,” she said. “I have done that before, and it took all year to pay it off.”
Jeremy Wilson was also shopping at the mall but said he didn’t mind going into debt for something like Christmas presents for his family.
“Christmas is only once a year, so if I need to charge some stuff, then so be it,” he said. “As long as I keep working, then I will be able to pay it off.”
Wilson isn’t alone. A recent Swagbucks survey reported that 63 percent of Americans will go into debt from holiday shopping, with 25 percent of them accruing more than $500 in debt.
Read the full article here.

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