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Nearly 1 in 3 Americans will take on debt this holiday season. Here’s how to not become one of them
Oct 20, 2021 | CNBC
Picture - Nearly 1 in 3 Americans will take on debt this holiday season. Here’s how to not become one of them

Nearly 1 in 3 Americans expect to take on debt this holiday shopping season, a survey from Credit Karma found.

The Covid-19 pandemic took a toll on many people's finances, leaving them financially unprepared for the coming holiday season, according to the survey, which polled 1,020 U.S. adults in October.

On top of that, concerns about low inventory this year has shoppers starting early, and potentially missing out on deals.

"With supply chain shortages and shipping delays increasing prices for all shoppers this season, it will be important for consumers to be thoughtful about their spending to ensure they don't start the new year in the red," Colleen McCreary, consumer financial advocate and chief people officer at Credit Karma, said in a statement.

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