Budgeting
Holiday Spending May Hit $1 Trillion — Half of Shoppers Risk Going Into Debt
via Bank of America
The NRF projects November-December retail sales will grow 4.2%, potentially crossing $1 trillion for the first time. A Bank of America survey finds nearly half of consumers plan to take on debt this season, with more shoppers pushing their biggest purchases to early December.
Why it matters
Setting a firm holiday budget before Black Friday is the most effective way to avoid carrying expensive credit card debt into the new year.


