More than a quarter of Americans plan to take on gift shopping debt ahead of Christmas

The video discusses holiday spending habits, highlighting that many Americans incur debt during this period. It emphasizes the high interest rates on credit cards, which can make purchases more expensive over time. Consumer expert Andrea Warwick suggests strategies like setting gift expectations and using balance transfer credit cards to manage finances better. The video also notes that late shoppers tend to spend less than those who start early.

What percentage of Americans plan to incur holiday debt according to MarketWatch?

• 67%

• 57%

• 12%

• 27%

What is the interest rate mentioned for carrying a credit card balance?

• 18%

• Over 20%

• 15%

• 20%

What is one of Andrea Warwick's suggestions for managing holiday gift expectations?

• Avoiding gift exchanges

• Focusing on gifts for children

• Shopping only online

• Buying gifts for everyone

What financial tool does Andrea recommend for those who have already completed their shopping?

• Personal loans

• Balance transfer credit cards

• Cashback credit cards

• Store credit cards

According to MarketWatch, how much less do late shoppers tend to spend compared to early shoppers?

• Two-thirds

• Three-quarters

• Half

• One-third