48 million Americans still paying off debt from last holiday

48 million Americans still paying off debt from last holiday

According to a NerdWallet survey conducted by The Harris Poll, about 48 million Americans are still paying off credit card debt from last year’s holiday season. This comes as estimates put over 223 million Americans planning to purchase gifts this holiday season, spending an estimated $184 billion. Last year, 39.4 million Americans were paying off the 2017 debt when the survey took place.

Kathy
Kathy
Leo Miggel
Leo Miggel 4 months

...and they will increase it this year too. Now, who do we blame? the educational system that doesn't teach people how mortgages and credit or debit card works? the economic system that foments consumerism? these people's parents and themselves for being so ignorant and uneducated that they make terrible financial decisions? the Illuminati and the 1% of the richest people on earth?

KCooper
KCooper 4 months

The report if interested, https://www.nerdwallet.com/blog/2019-holiday-shopping-report/

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