Holiday Debt: Are You Going To Have It?

posted by Amy James - 

Are you spending more than you can afford on Christmas gifts this year?

A new survey found that 57 percent of us expect to take on some form of debt to buy gifts for the holidays. 

More findings: 18 percent plan to take money out of their savings to buy gifts, 31 percent put their holiday spending on a credit card, and 1 percent borrow money from family and friends in order to afford gifts. 

(PRNewswire)

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Amy James

Amy James

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