Half of Millennials think holiday shopping is a reasonable excuse to go into debt. According to CreditCards.com 52% of 23-38-year-olds are willing to accrue credit card debt to buy presents and visit family—more than other generations. Millennial parents are likely the reason for the difference, as they “want to give [their] kids a good holiday.” YPulse research shows that young consumers’ holiday spending power could be $55 billion this year. (Yahoo! Finance)
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