7 Ways Retirees Can Crush Holiday Debt in the New Year

7 Ways Retirees Can Crush Holiday Debt in the New Year
Starting the new year with extra credit card debt, especially if you are in retirement, isn’t ideal. Dreamstime/TCA
Tribune News Service
Updated:
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By Donna Fuscaldo From Kiplinger’s Personal Finance

We’ve all been there: buyer’s remorse after a season of frenzied spending and often overspending. That joy of gift giving quickly turns to panic when you receive your year-end credit card statement. If this sounds familiar, you aren’t alone. Of shoppers polled by LendingTree, 36 percent said they racked up debt this holiday season, spending an average of $1,181 per person.