Tis the season for spending: Avoid getting into debt for the holidays [Yahoo! Finance]
NerdWallet, Inc. (NRDS)
Company Research
Source: Yahoo! Finance
But it's also the time of the year for overspending and racking up debt because of the festive and generous time of the season. And the numbers tell a story. According to an Experian holiday shopping survey, 42% of respondents planned to use a credit card to pay for holiday gifts this year, while only 41% intended to pay solely in cash. A Nerdwallet survey puts plastic use even higher, at 74%. "We've seen credit card balances increasing, so that's the downside," said Rod Griffin Senior Director of Public Education and Advocacy for Experian. "The good news is we haven't seen delinquencies increase dramatically, so while we've seen some increases, we aren't seeing a lot of alarm about that." Some 28% of shoppers who used credit cards have not paid off the gifts they bought last year, according to a holiday spending report by NerdWallet. The site polled more than 1,700 adults in September. That's a slight improvement from 2023, when 31% of credit card users had still not paid off
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- 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
- Low-income Americans are struggling. It could get worse [CNN]CNN
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