NEW YORK—Black Friday is right around the corner, but many Americans are still paying off the credit card debt they racked up over the holidays last year, a new report reveals.
Among shoppers who charged their holiday gifts in 2017, over one in four are still paying off those credit card purchases as they head into another holiday season, according to a survey from NerdWallet.
“Despite the debt some Americans are still grappling with, shoppers aren't putting their credit cards down just yet, with 73% saying they plan to use a credit card to buy presents this year, up from 58% in 2017,” stated USA Today in its analysis.