A recent survey revealed that 36% of consumers took on a holiday debt which is a testament to the financial struggles faced by a portion of the American population.
New research by LendingTree revealed that this holiday season, about 36% of consumers racked up debts, with the average amount ballooning to $1,181, up from $1,028 in 2023. While this is still a notable increase from last year, the figures were still down from $1,549 in 2022.
