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Americans willing to take on debt in a post-pandemic spending splurge

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Americans are ready to start spending money to treat themselves — and 44% are willing to go into debt to do it, a report from CreditCards.com finds.

Millennials, ages 24-40, are most likely to take on more debt (59%) followed by Gen Zers, ages 18-24, coming in at 56%. Only 40% of Gen Xers, ages 41-56, and 32% of baby boomers, ages 57-75, said the same.

When it comes to what respondents are willing to incur charges for, car purchases and other automotive spending topped the list.

More than two-thirds, or 67%, plan to spend money in the second half of the year, with travel and out-of-home entertainment the most popular…



Source cnbc.com

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