Americans spent on holidays, but many took on debt

The video discusses the increase in spending and its correlation with rising personal debt, as reported by a LendingTree survey. The survey highlights that many individuals are taking on significant debt, often at high interest rates, and are planning to make only minimum payments. Cultural factors, such as the tradition of gift-giving, contribute to this spending behavior. Despite high prices, people continue to spend, raising questions about future economic implications.

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