Since the official kickoff of the holiday shopping season, many Florida families are scouting out the best deals and looking for fun surprises for their loved ones. While gift shopping can be fun and exciting, it's also important for Florida families to be wary of special offers and deals that might make them spend more than they can afford.
In our last blog post, we discussed how holiday credit card spending - and just spending overall- will be affected by the economic hardships many American consumers continue to face. As many consumers remain unemployed and are filing for bankruptcy at record rates, finding the extra cash for holiday shopping could prove difficult.
With Black Friday right around the corner, American consumers are gearing up for the start of the holiday shopping season. Given the high unemployment, foreclosure and bankruptcy rates, however, many consumers are forced to cut back their holiday spending once again this year. Although the recession is over, Americans are still struggling to make ends meet while dealing with burdensome credit card debt.