Average Holiday Debt Jumps to an 8-Year High

Now, it turns out, on the other hand, higher holiday spending has put americans into more debt. We've been covering this too. So lendingtree finding that while the percentage of americans going into debt over holiday spending is down a little bit from last year, the actual debt amount is rising, The average amount of American holiday debt is at its highest. Since lendingtree started keeping track in 2015 and nearly $1500 and more than one in three Americans say it will take them at least five months to pay off this debt. Now that the bummer here is that the rates on those credit cards are so high, so I know we'll be covering this story, of course, into next year as well.