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Salon
Salon
Politics
Cara Michelle Smith

REVEALED: As holiday sales rise so does debt | Rare Historical Photos

For many Americans, ‘tis the season of giving gifts, stuffing stockings and racking up more credit card debt. 

Roughly 36% of Americans took on new credit card debt during the 2024 holiday season, accruing an average of $1,181, according to a survey conducted by LendingTree. That debt wasn’t on anyone’s wish lists — just 44% of those shoppers intended to take on new debt this season, the survey found. 

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