Holiday shoppers racked up tons of debt — but no one seems to be in a hurry to pay it back

Dec 28 2022 by Business Insider

 
Debtors took on an average of $1,549 of debt this holiday season.

Mario Tama/Getty Images

Americans took on an average of $1,549 in debt for the 2022 holiday shopping season, according to a LendingTree survey. One in three holiday debtors admit it will take them five months or more to pay back what they owe. Parents of children under 18 were most likely to have spent more money than they had this year.

Shoppers take on debt every year during the holiday season, leaving them with financial...

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