With only the two upper quintiles
of American households seeing any
kind of meaningful income growth, and the bottom three quintiles still feeling the lingering effects
of the recession, the
holiday spending landscape has likely become bifurcated.
With that
kind of burden, it's no surprise that about three - quarters, or 74 percent,
of Americans said they failed to budget properly for the
holidays, according to a separate survey from Varo Money.