38% of Americans Expect to Carry Holiday Shopping Credit Card Debt into the New Year
Of the survey participants who expect to carry card debt, 78% said they hope to pay their balances off in one to three months or less. We know credit card debt is already at an all-time high, with balances reaching $1.08 trillion in the third quarter of 2023, according to the Federal Reserve Bank of New York. And with the holiday shopping season upon us, balances are expected to grow even higher in Q4. We commissioned a survey of more than 1,000 people to see whether they plan... read more »