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Salon
Salon
Cara Michelle Smith

As holiday sales rise, so does debt

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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