Credit card debt gifts hurting long term savings retirement
Credit card debt being used for gifts, hurting retirement People are tacking on nearly $2,000 to credit card balances pay for holiday presents, a survey found December 16, 2020 5 MINS Holiday spending is down amid the pandemic, but people are taking on more credit card debt to buy gifts, and that could hurt long-term and retirement savings goals. While credit card debt is up across the board, people who suffered job losses this year have disproportionately been covering expenses with credit, according to a report today from LendEDU. On average, 51% of people who remain u...
Source: investmentnews.com