Credit card debt from holiday gift shopping may not be as explosive this year

A survey by the National Retail Federation of over 7,000 shoppers found that 43% of shoppers plan to primarily use debit cards to make holiday purchases, the largest share since 2013. Meanwhile, 38% of respondents said they'll primarily use credit cards, the smallest share since 2015. The remaining shoppers planned to make purchases using cash or by writing checks.

LendingTree chief credit analyst Matt Schulz suspects that a lot of people who aren't paying with credit cards"don't trust themselves not to overspend" and are trying to avoid piling on more debt. They're likely already struggling with inflation and"the last thing they want to do is put more money on the credit card and dig their hole deeper," he said.

This year she's mainly using a debit card to help her avoid last year's mistakes."If I don't have the money I'll just find a different gift."

Do not shop beyond your means adulting101

Yes,… exactly what they want.

Utterly insane how materialistic we are.

Democrats, woke, progressives and liberals ruined shopping the same way they’ve ruined elections, sports, economy and education

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