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Holiday spending ‘clearly on track’ to reach record-breaking heights even as credit card debt strangles shoppers
Consumers are “clearly on track” to smash record-breaking spending levels after doling out as much as $989 billion over the last two months, a National Retail Federation report said.
Credit card debt is at a record high this holiday season
That’s as shoppers are projected to spend up to $989 billion between November 1 and December 31, according to the National Retail Federation. This holiday season has come with a hefty price tag: record-high credit card debt.
Holiday Shopping leaving many Americans in debt
The holidays for many Americans means splurging on gifts for loved ones and despite the high prices caused by inflation, the tradition continues.
2d
on MSN
Holiday shoppers increased spending by 3.8% despite higher prices
New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and ...
Fox News on MSN
2h
Incoming Trump official slams Biden admin's spending: 'The hemorrhaging has to stop'
WATCH LIVE: Trump takes a victory lap in Arizona after his best battleground performance of 2024 ...
1d
on MSN
Some, but not all, funding for cancer research survived federal spending deal chaos
It looked like funding for the Gabriella Miller Kids First Research Program wasn't going to make it — until something unusual ...
1h
on MSN
Live updates: Lawmakers to discuss immigration, government spending and internet bans
President-elect Trump’s administration has promised a fresh approach to internet bans, government spending, border security, and immigration policies, warranting each topic to be a top ...
4d
Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and ...
2d
Slower AI spending could ignite a 'vicious' downturn for chipmakers, Nvidia supplier says
Advantest CEO Doug Lefever told the Financial Times that AI smartphones could justify the data-center spending spree that is ...
5d
on MSN
Dozens of House lawmakers rally around funding Afghan visa program as Trump vows major spending cuts
Reps. Jason Crow and Zach Nunn are leading 49 other House lawmakers in a letter urging Congress to preserve the Afghan ...
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