That’s as shoppers are projected to spend up to $989 billion between November 1 and December 31, according to the National Retail Federation. This holiday season has come with a hefty price tag: record-high credit card debt.

BING NEWS:
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    Americans spent almost $1,200 on average for the holidays, with 36 percent saying they took on debt to do it. The FOX 5 I-Team's Dana Fowle says you should make it your first priority this year to ...
    01/3/2025 - 3:04 am | View Link
  • This Week In Credit Card News: Defaults At Highest Level In 14 Years
    Fed Rate Cuts Won’t End the Sting of High Interest Rates for Subprime Cardholders ...
    01/2/2025 - 3:50 am | View Link
  • Economic Watch: U.S. sees record credit card defaults, slower consumption may weigh on economic outlook
    Mark Zandi, chief economist of Moody's Analytics, also noted the impact of credit card defaults on low-income groups. "High-income households are fine, but the bottom third of U.S. consumers are ...
    01/1/2025 - 7:33 pm | View Link
  • U.S. credit card debt set to hit record levels
    The U.S. credit card debt is set to hit record levels in the coming months. Between November 1 and December 31, spending is on track to reach a record between $979.5 billion and $989 billion. Heading ...
    12/31/2024 - 5:39 am | View Link
  • Credit Card Debts and Defaults Rise in Worrying Sign for Economy
    Financial service business have written off 50 percent more overdue credit card debts in the past year, after exhausted household savings fueled consumer use of plastic.
    12/31/2024 - 2:54 am | View Link
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