Holiday Debt Crisis: 1 in 5 Americans Won't Recover Until May 2024
2024-12-24
Fortune
The 2024 holiday season is taking a toll on American wallets, with 1 in 4 individuals admitting to losing track of their debt totals. As a result, many are embracing debt to get through the holidays, with a significant number expecting their budget to take several months to recover. Financial experts warn of a potential debt crisis, emphasizing the importance of debt management and budgeting strategies. With credit card debt and personal loans on the rise, it's essential for consumers to prioritize financial planning and seek help when needed. Popular debt relief options include debt consolidation and credit counseling.
