Posted 1/29/2024, 8:29:08 PM
Holiday Spending Stretches Budgets for Many; 2024 Goals Include Trimming Costs and Improving Finances
- 74% said inflation impacted holiday spending more than expected, 45% overspent
- 1 in 4 will need 6-12 months to pay off holiday debt; most need 1-3 months
- Lower gas prices brought some relief, but credit card interest is at 22.75%
- Holiday spending pushes more people to rely on loans and higher card limits
- Many plan to trim spending, reduce debt, save, and improve credit in 2024