Despite Being Worried About Dept, Consumer Will Still Spend About $1700 This Year on Gifts.
What Americans Really Want for the Holidays is to Pay Down Debt.
This holiday season, what most people really want is to be debt-free. However, they would Need $58,673, on average, to climb out of the red, according to a new report.
The vast majority, or roughly 70%, of adults are stressed about the upcoming holiday season, Mostly thanks to money woes, according to a survey from Country Financial.
However, paying down debt is no small feat. The average person said they would need $58,673, on average, to be totally free of all their cumulative debts this season, Country Financial found. It’s a tab that has only increased in recent years and shows no signs of Slowing.