An apparent lack of financial literacy:
- Lingering Holiday Debt: Nearly 1 in 4 Americans still have holiday debt from last year.
- New Credit Card: Nearly 1 in 5 people will apply for a new credit card to help with holiday shopping
Holiday Shopping Survey (wallethub.com)
And the typical household in the U.S. is said to be carrying a credit card balance of over $10,000 – every month.
