High interest rates

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Credit Card Debt After The Holidays: Survey Finds $998 Average Balance – LendEDU

In January, LendEDU conducted a survey of 1,000 Americans who went into credit card debt as a result of holiday spending.mIn short, we found that our average respondent accumulated $998.36 of debt after splurging for the festivities.  Respondents were asked a series of questions about their credit card spending during the holidays, debt payoff plans, and post-holiday financial stress.