Visualizing Black Friday’s Surge In US Consumer Debt

It’s that time of year again… when Americans load up on debt to buy stuff they don’t need with money they don’t have because Kim Kardashian told them to…
Next week, Black Friday and Cyber Monday will kick off the start to the U. S. holiday shopping season, during which consumers are expected to spend a total of $655.8 billion this year.
With the average bill coming in at $938.50 for holiday spending, where are people finding the extra cash?
Visual Capitalist’s Jeff Desjardins looked back at the last five years of Equifax data to see how consumer debt correlates to holiday purchases.

This post was published at Zero Hedge on Nov 19, 2016.