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Banking & Finance

Rocking around the credit card debt

Banking & Finance
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Christmas isn’t only a time for eggnog and mistletoe, it’s also the time of the year when we’re grabbing our wallets more than usual.

Source: Wallethub

Whether you love giving gifts or you enjoy ranting about the pitfalls of consumerism, the holidays have a massive impact on the economy.

The National Retail Federation predicts the average per-person tab this holiday season will reach $967, up nearly 3.4% since 2016. 

WalletHub calculated the maximum holiday budget for 570 U.S. cities by using characteristics such as income, age and the ratio of savings to monthly expenses. Mount Pleasant ranked No. 46 on the list with a maximum holiday budget of $1,346, and Charleston ranked No. 226 on the list with a top budget of $700.

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