Holiday Spending Hangover: Americans Face Record Credit Card Debt in 2024
A LendingTree survey reveals 36% of Americans accumulated holiday debt averaging $1,181 in 2023, with millennials and parents most affected. Financial experts offer strategic approaches to tackle post-holiday credit card bills through balance transfers, debt repayment methods, and smart savings tactics.
Buy Now, Pay Later Services Expand into Auto Repairs and Healthcare as Inflation Bites
Americans increasingly turn to BNPL payment options for essential car repairs and medical procedures as household budgets tighten under inflation. Auto shops and healthcare providers are partnering with BNPL companies to offer flexible installment plans, though experts urge careful review of terms.
Gen Z's Holiday Shopping Spree: The Rising Debt Crisis Behind Buy-Now-Pay-Later Services
Buy-now-pay-later spending is projected to hit $18.5 billion this holiday season, with Gen Z leading the surge despite mounting debt concerns. Young consumers continue accumulating credit card debt while embracing BNPL services, raising alarms about their financial stability.