Sentences with phrase «average holiday debt»

For example, suppose you commit to being out from under your average holiday debt of $ 1,000 in five months.

Not exact matches

Consumers who used debt to fund holiday purchases last year took on an average of $ 1,003 in new debt, according to MagnifyMoney.

In 2016, 38 percent of American households carried an average credit card debt of $ 16,061, and holiday debt adds, on average, about $ 1,000 to that debt load.

The chart estimates an average American consumer needs to add about $ 64 a month to his or her regular credit card payment to clear this year's holiday debt in time for next year's Christmas.

Taking data from Gallup's monthly survey of consumers about their planned holiday spending and applying to that the Federal Reserve's average credit card interest rate (13.08 % APR for accounts assessed interest in Q3 as of December 7, 2011), the chart creates a prototypical American consumer and projects how long it would take him or her to clear holiday debt by making minimum credit card payments.

Americans incurred $ 1,054 of holiday debt on average in 2017 — 5 % more than the previous year.

A recent survey conducted by Magnify Money revealed that Americans racked up an average $ 1054 holiday debt during the 2017 festive season.

TORONTO, ON - The average Canadian will spend 8 per cent more this holiday season than they did last year, and with Canadian household debt at a record high, many people will be facing significant debt levels come January.

And Americans racked up on average $ 1,054 in debt to treat others — and, frankly, themselves — during the holiday season, according to MagnifyMoney.

Americans add an average of $ 986 in debt throughout the holiday season with less than half planning to pay off that debt in less than 5 months, according to a survey by MagnifyMoney.