Holiday spending ‘clearly on track’ to reach record-breaking heights even as credit card debt strangles shoppers
Consumers are “clearly on track” to smash record-breaking spending levels after doling out as much as $989 billion over the last two months, a National Retail Federation report said.
Americans Face Mounting Credit Card Debt Following Holiday Spending
The holiday season may be over, but for many Americans, the financial impact of Christmas shopping will linger well into the new year. A recent survey reveals that 36% of Americans accrued credit card debt during the holiday season,
Credit card debt set to hit record levels as consumer holiday spending rises
The National Retail Federation reported last week that spending between Nov. 1 and Dec. 31 is “clearly on track” to reach a record, between $979.5 billion and $989 billion.
In-person shopping makes a comeback amid record-spending holiday season
The National Retail Federation predicts nearly half of all shoppers will head to department and discount stores to knock out their shopping lists this holiday season.
Credit card debt is at a record high this holiday season
That’s as shoppers are projected to spend up to $989 billion between November 1 and December 31, according to the National Retail Federation. This holiday season has come with a hefty price tag: record-high credit card debt.
Holiday Shopping leaving many Americans in debt
The holidays for many Americans means splurging on gifts for loved ones and despite the high prices caused by inflation, the tradition continues.
Holiday shoppers increased spending by 3.8% despite higher prices
New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and ...
Holiday spending rose 3.8%, with apparel and restaurants strong, Mastercard says
Holiday spending rose 3.8% from a year ago, topping last year’s growth, as consumers were “willing and able” to spend, if ...
Here's what you can do to avoid holiday payment app pitfalls
New guidance from the Consumer Financial Protection Bureau said you should not store your money in payment apps. The reason, ...
Wall Street Lunch: Record Holiday Spending Faces 'Returnuary'
Holiday spending surged, but returns are expected to hit 17% of U.S. merchandise sales, totaling $890 billion, highlighting ...
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How to recover from holiday spending and plan for a financially strong new year
The holiday season is meant to bring joy, but that also comes with expenses. Between the gifts and celebrations that start to ...
Holiday Sales Reveal a Split in Consumer Spending
Gains were ​driven by households earning $100,000​ or more, while retailers and brands ​experienced a pullback by ...
Holiday Spending Spree
The spending deal includes a number of benefits for lawmakers themselves. It lifts a pay freeze that's been in place since ...
Spending the holiday season alone this year? How to make the most of it
Spend the holiday creating new traditions, like creating a vision board or reviewing the highs and lows of your year in a ...
As retailers offered holiday discounts, shoppers showed up
Total spending for the holiday period, from Nov. 1 through Dec. 24, rose 3.8 percent, according to Mastercard SpendingPulse.