The Gift that Keeps Giving
Why good boys and girls buy their presents with cash
(MONEY Magazine) – $907 DEC. 25, 2006
Average amount Americans are projected to spend on holiday gifts. Many will put purchases on credit cards.
$1,225 MARCH 25, 2013
What (and when) you'll finally pay for those gifts if you make only minimum payments on your credit-card bill, assuming a 13.9% APR
SOURCES: The Gallup Poll, Bankrate.