- This holiday season, 36% of Americans took on debt, with average balances of $1,181, according to LendingTree.
- Less than half of the people who took on debt expected to do so.
- To pay down those balances as quickly as possible, these expert tips can help.
Many Americans are capping off the holidays with new debt balances.
This season, 36% of American consumers took on holiday debt, according to a new survey from LendingTree.
Those who racked up balances this season took on an average of $1,181 in debt, up from $1,028 in 2023. However, that is still down from $1,549 in 2022, LendingTree found.
Less than half — 44% — of the people who took on debt expected to acquire those balances, a sign that this…
