Holiday Hazard
12/20/2023 |
The percentage of adults in the Greatest Generation cohort who planned to take on debt to finance holiday spending, hardly a necessity, was under 5%. For Baby Boomers the percentage was higher at 14%. For Gen X the percentage was an elevated 22%, and for Millennials it was a surprisingly high 47%, larger than any other cohort. For Gen Z, the percentage was an uncomfortably high 44.5%.