NEW YORK — The vacations are over, however hopefully you took away some lasting reminiscences. A few of them had been priceless and others got here at a worth.
For the latter, right here is the dangerous information: it’s January and the invoice has come due.
Some name it the “vacation debt hangover,” and this yr appears a lot worse than most. An unpleasant stew of inflation, record-high credit-card charges – and the truth that we had already spent like sailors earlier in 2022, even earlier than the vacations – all spell bother for our 2023 stability sheets.
“Greater than a 3rd of People say they overspent this vacation season,” mentioned Jill Gonzalez, senior analyst for the positioning WalletHub, which canvassed People for its …
Carry on studying: The best way to treatment a vacation debt hangover