WASHINGTON (TNND) — As the holiday season wraps up, many Americans have a credit card hangover from holiday spending. According to a survey by LendingTree, 36% of Americans took on holiday debt this year, with an average amount of $1,181.
“Inflation is still a big deal in this country, and it’s having a huge impact on people’s finances, including their holiday spending,” explained Matt Schulz, LendingTree’s chief credit analyst. “If you were to only buy the same things you bought last Christmas, you’d likely have to spend more this year thanks to inflation. For many Americans, that means you either have to cut back on gifts or take on more debt. While people make lots of sacrifices to deal with higher prices, many may not…
