Credit card debt set to hit record levels as consumer holiday spending rises [CNBC]
NerdWallet, Inc. (NRDS)
Company Research
Source: CNBC
Leaning on credit cards to purchase gifts will come at a high cost if those balances aren't paid off quickly, experts say. Heading into the holidays , many Americans were already saddled with record-breaking credit card debt . And yet, consumer spending is set to reach a fresh high this season. The National Retail Federation reported last week that spending between Nov. 1 and Dec. 31 is “clearly on track ” to reach a record, between $979.5 billion and $989 billion. “Job and wage gains, modest inflation and a heathy balance sheet have led to solid holiday spending,” the NRF's chief economist, Jack Kleinhenz, said in a statement. But other reports show that many shoppers are increasingly leaning on credit cards to manage their holiday purchases. More from Personal Finance: After the holidays comes ‘Returnuary' Economists have ‘really had it wrong' about recession Trump tariffs would likely have a cost for consumers To that point, 36% of consumers have taken on debt th
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- The holiday gift return rush has started. Here's what to know before you send back unwanted presents. [CBS News]CBS News
- Financial expert shares year-end money moves to tackle, avoid holiday credit card hangover [FOX Business Network]FOX Business Network
- American Families Find Joy In Simple, Traditional Christmas Celebrations [zero hedge]zero hedge
- Creators on TikTok aim to help people navigate the holidays on a budget [MSNBC.com]MSNBC.com
- The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more [Los Angeles Times (CA)]Los Angeles Times
NRDS
Earnings
- 10/29/24 - Miss
NRDS
Sec Filings
- 12/23/24 - Form 4
- 12/19/24 - Form 4
- 12/17/24 - Form 4
- NRDS's page on the SEC website