Thirty-Two Percent of Americans Planning to Use Credit Cards This…

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As families spend hundreds of dollars on seasonal expenses … credit cards can help alleviate the cash flow crunch. My only hope is that consumers are able to stick to their budgets and start working to get back on track come January.

A new survey by top financial education site Student Loan Hero finds that household debt among Americans will significantly impact how they plan to spend their money during the 2016 holiday season.

According to the survey, more than half of respondents do not plan to use credit cards for holiday spending this year. However, 55 percent of those who will rely on credit to pay for holiday expenses plan to charge more than $500. And of those…

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