Shoppers still paying off last year’s Christmas gifts
(NBC NEWS) — More than one fourth of shoppers who charged holiday gifts in 2017 are still paying off those purchases.
That’s according to a survey from personal finance website “Nerd Wallet.”
Despite the lingering debt, 73 percent of shoppers say they plan to use a credit card to buy presents this holiday season.
That’s up from 58 percent last year.
Shoppers say they expect it to take more than 3 months to pay off those credit card purchases, nearly a month longer than 2017.
33 percent of shoppers say they plan to use layaway and 21 percent said they would use shopping loans to buy gifts.