Holiday cheer has a way of loosening purse strings, sometimes more than we can afford.
In 2024, one-third of Americans ended the year with holiday debt averaging $1,181. And 60% of them were stressed about it, according to a December 2024 Lending Tree survey.
Ironically, when Americans created their 2025 New Year resolutions, they listed saving more money (45%) and reducing debt (32%) as two of the top three, per a 2024 CFP Board study. Imagine the head start they could have had without that holiday debt.
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