More Than a Third of Us Went into Debt for the Holidays


Did you manage to survive the holidays without going further into DEBT?

A new poll found over a third of Americans took on more debt to get through the holidays this year, adding an average of $1,249.

That’s actually lower than last year when the average was $1,325.  It includes debt racked up on everything from gifts to plane tickets.  Millennials are the most likely to owe more than they did a few months ago . . . HALF added at least some holiday debt.

So who did we spend the most on?  Turns out it WASN’T our kids.  34% of people said they spent the most on gifts for their spouse or significant other.  Kids are next at 27%, followed by parents, friends, grandkids, and other family members.