In late 2017 credible conducted a survey on Christmas spending and the results were nothing short of startling. The study results indicated that contrary to the expectation that despite the seemingly inevitable train wreck credit card debt after the holidays, millennials had no intention of limiting their spend. In fact, young Americans had every intention to.
Americans carry a lot of debt. In fact, the average household in the country carries a whopping $137,063 in debt. Based on the fact that the median household income is just $59,039, many consumers are probably spending a lot more than they can comfortably afford. I must confess that I’m one of those millions of.