Americans Head Into The Holiday Season With Record Credit Card Debt



With everything nearly 8% more expensive than last year, shoppers are paying with credit cards to buy gifts during the holidays. But, Americans are heading into the peak holiday season with record debt as they face high-interest rates on missing payments. Experts recommend prioritizing 0% balance transfer cards and consolidating your debt as strategies to save.

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#CreditCard #Debt #Spending

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43 comments

  1. Don’t buy anything u can’t afford!

  2. We quit the holiday craziness…the family themselves buy what they want. Got rid of credit cards and debt! We as a family is more relaxed and no stress!

  3. In a good World everyone would cancel the process of buying gifts and just hang out and enjoy family time like they did at Thanksgiving. Christmas is about consumerism it is not bible-based and has nothing to do with Jesus

  4. #JesusChrist hated lending businesses so much he kicked their table down at that place where different religions came to worship. ✝️🦵

  5. So Thanksgiving (black Friday) is over where people overspent on trips they didn't need and couldn't afford. Now Christmas is yet another must spend holiday on credit. The banks and creditors should be sending people Thank You cards to those who don't pay off their balances.

  6. This year I am wrapping up groceries and putting them under the tree

  7. Fighting 7.5% inflation (more like 15%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment in other not to depend on the government for funds

  8. Credit card ain't money in the bank, wake up. Also, how about Twitter and the laptop!

  9. NBC why are you covering up the cover up? Why are you avoiding coverage of the twitter reveals. You do consider your self to be a news source , dont you? Looks like you ARE a one sided pathetic dem tool. America is aware of you. Just another example of the corp media america has been warned about. People if youre interested in hearing what really going on in the country you may want to watch a legit news soutce.

  10. 😵‍💫Biden:👉Me and my stupidity has caused all of this👈

  11. Bankers LOVE CC debt. After they foreclose on your overpriced crappy house. They can sell it to someone else that can’t afford it.
    Have a look at the homeless encampment near you, they are not all drunks, junkies, and users. Many homeless are homeless BECAUSE of CREDIT CARDs snd DEBT

  12. Don't allow any letter…
    Reporter,MD rajib hosen.R

  13. One man’s debt is another man’s salary.

  14. Maybe before Joe goes he'll waive all credit card debt. This is what these millennials are counting on…..free money paid by the rest of us.

  15. It’s a broken credit system that penalizes people for paying down credit cards, closing credit card accounts and reducing the number of debts you have. In other countries banks reward you with a better credit rating if you get rid of your credit cards, but not not the US.

  16. Stop spending beyond your means.

  17. What about a gift of an item that the person really needs?

  18. Don't be cheap with yourself life is to short not have what you want. What they going to say! about you when you die. "They were nice a person and had no debt."

  19. People aren't going stop thinking about thier next $200.00 thing they want that's what credit cards are for.

  20. I love this video at large❤❤,. you remind me of what someone once said.. " Making money is an Action, keeping money is behavior, Growing money is Knowledge" . I once attended seminar and ever since then i been waxing strong financially, and i most tell you the truth….

  21. Remember when they were talking sh-it about people being "flush with cash." Effing lie.

  22. Nobody cares. Why are you refusing to report on the twitter files? NBC is guilty of collusion, just like the DNC and Jack Dorsey's twitter 👁️

  23. I can't be in debt I've got rent for my apartment, no holiday fun for me just work non stop I even requested to work through Christmas

  24. I've got 30000 dollars in credit card debt. When they call I them I can't pay it back yet. Credit card debt! Tomorrow I may buy myself a dining room set, or this Boba fett. Credit card debt. Credit card debt. Credit card debt.

  25. Exciting times ahead. With all these people burying themselves in debt some of us are getting ready to snag a few of those homes that are going to go into foreclosure. 2023 is going to be a great year for those that are prepared.

  26. You don't need to buy gifts for anyone!!! Especially if you are in debt!!! We need to start treating Xmas like another Thanksgiving. Time with loved ones and a meal.

  27. About time y'all start telling the truth

  28. Dave Ramsey will have a meltdown watching this video

  29. 8% more expensive than last year🤣 WRONG! try 20-50%👍

  30. 19% on $10,000 over 30 years is $1.8 million. Aka credit card interest rates will make others rich and you poor.

  31. I spent around $200 at kohls and im done. Who spent more?

  32. I love irresponsible people… they help me make money

  33. Not me I’m to poor to have a credit card

  34. Then these same people on another video complain they’re being evicted and can’t make their rent and make the landlord out to be the bad guy 🙈

    Live within your means, people!

  35. 😩😩😩😩 yes I feel bad but I will catch up for sure

  36. So….we are like the government then? Buying what we want when we cannot afford it?

  37. Good time to support abortion.

  38. Joe's global inflation* is really hurting people like these single moms. Vote Trump to end Biden's incompetent administration.

    *Joe printed trillions of dollars which caused inflation. If America has inflation, so will most of the free world. Thanks.

  39. wtf? these morons are deep in debt at 19% and still shopping? they even say there is no shame in it?

  40. We do not buy each other gifts. Haven't in years. If mom needs something we get it. Other than that we eat play games and watch a movie as a family. No stress. No crazy debt. Christmas isn't about what you can get.

  41. Antinatalism is the ethical view that places a negative value on procreation and concludes that procreation is morally wrong under all circumstances. The gist is: harm/suffering prevention, the questionable nature of gambling with another life, & the impossibility of consent to be born.

    In summary:

    1. There is no reason to create a child that is for the child's sake. For the potential child, birth doesn't solve any problem that it doesn't first create.

    2. Existence is imposed without consent. No one chooses to be born or chooses the circumstances of their birth.

    3. Everyone experiences at least some suffering, & some people experience disproportionately more suffering than others.

    4. Existence brings guaranteed harm for unneeded benefit. Guaranteed harms being: pain, fear, worry, sickness, injury, grief/loss, fatigue, etc.

    5. Bringing someone into existence means exposing them to all the harms of this world. It should go without saying that the presence of harm is bad.

    6. The only way to guarantee that your kids won’t ever suffer is by never bringing them into this world in the first place, making the absence of harm good.

    7. Even though there is good in this life, the unborn aren’t deprived of anything since they don’t exist to miss out on said good, therefore the absence of pleasure is neutral (neither good nor bad).

    8. No one has the moral right to inflict serious, preventable harms upon others without their consent.

    9. Intentional procreation is intentionally harming your loved ones, a questionable deed.

    10. It’s morally wrong to place someone in a position from which death is the only escape.

    11. None of the nonexistent wish to be born but plenty of the living wish they'd never lived.

  42. Simple rule: Don't buy things that you can't afford! The rich spend like they're poor, and the poor spend like they're rich smh