Most Americans Had Debt From Last Christmas 2024

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Most Americans Had Debt From Last Christmas 2024. The average american has over $104,000 in debt. Every year, an estimated third of american adults go into debt to pay for holiday expenses.


Most Americans Had Debt From Last Christmas 2024

Perhaps more important than the absolute dollars spent during the holidays is how much holiday debt people are still paying off. Nearly 1 in 5 americans have maxed out their credit card borrowing, according to the federal reserve bank in new york.

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