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Consolidated Credit Survey Finds Americans Still Rely on Credit Cards for Holiday Cheer

FORT LAUDERDALE, Fla., Nov. 25, 2020 /PRNewswire/ --A Consolidated Credit's latest survey of 1,135 people finds that 30 percent of respondents say they will use credit cards to pay for holiday gifts and celebrations.
Consolidated Credit Survey Finds Americans Still Rely on Credit Cards for Holiday Cheer
Retailers are going all in on their promotional offers this year to make up for revenue lost during the pandemic.With retail sales and promotions starting earlier this year according to a National Retail Federation survey, consumers might be shopping longer and heading towards more debt than they can handle.A  "Retailers are going all in on their promotional offers this year to make up for revenue lost during the pandemic. This can be a good thing if consumers stick to their budgets, but with so many people shopping online and using credit cards for purchases, they could overspend and slip into credit card debt," says April Lewis-Parks, Director of Education and Corporate Communications. Survey highlights:
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