20 Truths About Holidays and Debt You Need to Know Right Now

Americans have highest level of credit card debt in history

In 2017, American credit card debt reached $1 trillion, even surpassing the level of credit card debt recorded in the wake of the Great Recession in 2008. As Christmas nears, consumers should pay attention to their personal debt levels. One financial emergency could put people into a situation where their debt is no longer sustainable.