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Almost all of us SHOULD be expecting some sort of debt after the holidays. But how many really have planned for it? Not this guy. So how many people are going to get hit with holiday debt?
Thirty-one percent of Americans anticipate going into debt during this holiday season, according to a Talker Research survey of 2,000 winter holiday shoppers. Which means it could be you.
Americans are cutting restaurant visits (25%), reducing savings contributions (21%), and limiting grocery purchases (19%) to fund holiday expenses. Fifty-two percent admit to guilt giving this year, spending over $250 on obligation gifts rather than genuine choices.
So are you someone who will be hit pretty hard with holiday debt? I know which side of the fence I'm going to be on...the broke side again. But as long as you're together with family, you'll be fine....right?