How Much Do Americans Spend on Holiday Shopping? Discover the Answer and How to Budget

How much do Americans spend on holiday shopping? This year, they are expected to spend 8% more—around $1.8k in total.1 With 28% of polled credit card users reporting that they are still paying off holiday debt from last year,1 planning is crucial to ensure the season of giving doesn’t leave you with more financial stress than holiday cheer. 

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Are You Responsible for Paying Someone Else’s Debt?

You didn’t spend the money, but that doesn’t always mean you don’t have to pay it back. Understanding when this occurs can help you avoid negative financial situations or, in the event you are taking on the debt, how to proceed.

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