US shoppers took on over $1,500 in holiday debt: report

Signaling consumers’ constrained budgets, a LendingTree holiday debt survey found that more than a third (35%) of Americans took on debt to pay for their holiday purchases in 2022, a slight decrease from 36% in 2021. However, consumers accumulated $1,549 in debt on average, up 24% from $1,249 in 2021.