Study: 1 out 4 Americans have finished holiday shopping
A new study shows a lot of Americans are not worried about Christmas gifts, they are more concerned about holiday debt. According to the survey, 25% of people say they have already finished their holiday shopping. [TRENDING: How to turn off Facebook election reminders | Big rig with police lights pulling over drivers | Voter Guide 2020]Researchers also found that a large number of Americans are worried about debt because of the holidays. According to the survey, 31% of consumers believe they will incur debt this holiday season. More than half of parents and nearly half of those furloughed say the same.
For some, credit cards are a major part of tax season, survey finds
Tax season and credit cards seem to go hand-in-hand like peanut butter and jelly, at least if you believe the findings of a recent study conducted by Credit Card Insider. Using SurveyMonkey to conduct an online survey of 3,114 adults from Feb. 3-5, Credit Card Insider found out the following information when it comes to how important credit cards are for people during tax season. 14% of respondents who expected to owe this year planned on using a credit card to pay their taxes. Of those expecting a tax refund, 40% had credit card debt. 75% of those with debt plan to use their tax refund toward paying it off.