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36% of Americans Face Holiday Debt: Experts Warn

1/1/2026

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Summary

Story summary

A Lendingtree survey finds 36% of Americans incurred holiday debt in 2024, averaging nearly $1,200.
Financial experts advise creating a budget before shopping to avoid overspending.
Phil Cooper from 210 Financial emphasizes prioritizing high-interest debt while maintaining essential payments.
Alan Becker from RSG Investments warns against the dangers of high-interest credit card debt.
Becker notes the rising buy now, pay later trend that can encourage overspending among younger consumers.

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Story summary

A Lendingtree survey finds 36% of Americans incurred holiday debt in 2024, averaging nearly $1,200.
Financial experts advise creating a budget before shopping to avoid overspending.
Phil Cooper from 210 Financial emphasizes prioritizing high-interest debt while maintaining essential payments.
Alan Becker from RSG Investments warns against the dangers of high-interest credit card debt.
Becker notes the rising buy now, pay later trend that can encourage overspending among younger consumers.