WATCH: Report: Americans are still paying off credit debt from last Christmas

If your last-minute Christmas shopping requires a credit card, you are not alone.

According to a new WalletHub report, many Americans are still paying off credit card debt from last Christmas.

“What we found is that through the end of the third quarter 2025, we’re sitting at a credit card debt of $1.33 trillion,” WalletHub Analyst Chip Lupo said. “And you’re looking at an average debt credit card debt per household of $11,019.”

Lupo says Americans are by nature a spending people. Not that that outlooks helps most people get ahead.

“Anyone that’s using government spending as an example on how to manage their own finances is foolish in the first place,” he continued. “And of course, people have that mentality. There are people out there saying, ‘Well, the government’s not responsible for their finances. Why should I be?'”

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