We’re entering the most expensive time of the year, between presents, traveling, and, most importantly, buying stuff for yourself when it’s on sale on Black Friday.
But are you willing to go into debt over the holidays?
According to a new survey, the answer is probably yes . . . If you’re in debt already.
The survey found that 61% of people who are currently carrying a balance on their credit card are willing to add to it over the holidays. But only 30% of people whose cards are all paid off are willing to take on new debt over the next few months.
And the specific groups who are most willing to take on debt are millennials . . . parents with young kids . . . and men.