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Today’s Lead Story
Tuesday, November 3

Budgeting

Holiday Spending May Hit $1 Trillion — Half of Shoppers Risk Going Into Debt

via Bank of America

The NRF projects November-December retail sales will grow 4.2%, potentially crossing $1 trillion for the first time. A Bank of America survey finds nearly half of consumers plan to take on debt this season, with more shoppers pushing their biggest purchases to early December.

Why it matters

Setting a firm holiday budget before Black Friday is the most effective way to avoid carrying expensive credit card debt into the new year.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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