Holiday Shopping Habits: Budgets, Debt and Early Start Trends

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Holiday Shopping Habits: Budgets, Debt and Early Start Trends
HOLIDAY SHOPPINGBUDGETINGDEBT
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A new survey by WalletHub reveals insights into Americans' holiday shopping habits, including budgeting strategies, debt concerns, and early shopping trends.

Shopping during the holiday season can be exciting, but it also bring along financial challenges. To understand how people approach holiday shopping, WalletHub conducted a nationwide survey investigating trends in budgeting, shopping habits and financial strategies. The company surveyed 200 participants and found that 46% of Americans were still paying off debt from last holiday season.

Meanwhile, 22% said they spread out their purchases over several months, and 21% said they use only cash or debit cards.While holiday shopping is a common practice among many Americans, 64% of people surveyed said they believe too many gifts are given during holiday season.RELATED: Shopping expert reveals best ways to return, exchange gifts after the holidaysWalletHub also found that 47% of people surveyed start shopping for the holidays in October or even earlier.

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HOLIDAY SHOPPING BUDGETING DEBT FINANCIAL STRATEGIES EARLY SHOPPING

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