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25% of Parents Plan to Take on Debt This Holiday Season. Here's Why That's So Dangerous Now

25% of Parents Plan to Take on Debt This Holiday Season. Here's Why That's So Dangerous Now

If you've ever closed out the holidays with a giant balance on your credit card, rest assured that you're not alone. In a recent Momentive study, 25% of parents said they plan to go into debt this holiday season, compared to 11% of non-parents. The Federal Reserve has been aggressively raising interest rates in an effort to slow the pace of inflation.