As the holiday season approaches, many people grow apprehensive about their spending. A U.S. World News & World Report survey found that 79% of people are concerned about having enough money for gifts this season. In fact, 41% of respondents reported being “very” concerned.
One way shoppers are planning to cover holiday spending is with credit cards. According to the survey, 63% of people planned to use one to two credit cards to pay for holiday-related expenses. While credit cards may be most people’s go-to form of payment, going into debt can have long-term consequences.
