Washington Secrets

Holidays put many in debt, $4,200 in NYC

By Paul Bedard
Published December 19, 2018 1:52pm ET
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Holidays put many in debt, $4,200 in NYC
Pedestrians on Fifth Avenue are reflected in the windows of Bergdorf Goodman's Christmas display, Tuesday, Dec. 4, 2018, in New York. | (Mary Altaffer/AP)

For many, it’s “Merry Debtmas.”

An analysis of Census, labor, and retail spending data shows that the holidays puts renters in debt for the year once living expenses, the Thanksgiving turkey dinner, and Christmas presents are added in.

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Tag:

Census Finance Holidays Labor Retail