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InCharge Education Foundation : Press Releases : New Study Shows More Than H...

New Study Shows More Than Half Of Holiday Shoppers Spend More Than Budgets Allow; 60% Of Americans Will Put Those Purchases On Credit Cards

(ORLANDO, Fla.) November 30, 2006 – Now that the Thanksgiving turkeys have been carved, Black Friday has come and gone, and Christmas songs have begun to hit the airwaves, the 2006 holiday shopping season is officially underway. If you were asked to leave the credit card at home, could you still manage this year’s purchases?

According to a new national survey by InCharge® Education Foundation ("InCharge"), a national nonprofit organization specializing in personal finance education and research, nearly half (46%) of Americans said that they always spend more than they planned, and significantly more Americans with children (more than half) believe they can’t really afford to spend as much as they do over the holidays.

Additionally, nearly half (48%) of Americans said t