NEW YORK, Jan 24 (Reuters) – The holidays are over, but hopefully you took away some lasting memories. Some of them were priceless and others came at a price.
For the latter, here is the bad news: it is January and the bill has come due.
Some call it the holiday debt hangover, and this year seems much worse than most. An ugly stew of inflation, record-high credit-card rates – and the fact that we had already spent like sailors earlier in 2022, even before the holidays – all spell trouble for our 2023 balance sheets.
More than a third of Americans say they overspent this holiday season, said Jill Gonzalez, senior analyst for the site WalletHub, which canvassed Americans for its Post-Holiday Shopping Survey.
Roughly $80 billion in credit card …
Read the full article at: https://www.reuters.com/markets/how-cure-holiday-debt-hangover-2023-01-24/