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Holiday spending rules to avoid debt
An October 2025 survey by the American Institute of CPAs (AICPA) indicates that 47% of people expect to go into debt during the holiday season. This figure rises to 64% for adults under the age of 35. Additionally, 39% of respondents reported feeling regret over previous holiday overspending.
To manage these costs, financial planners suggest establishing a total spending limit for the entire season before browsing begins. One recommended approach is to cap holiday expenditures at between 1% and 1.5% of annual income. Experts also advise budgeting for all holidays rather than focusing solely on major celebrations.
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- [● 3 SOURCES] 47% of people expected to go into debt during the holiday season according to an October 2025 AICPA survey. keyt.com · kioncentralcoast.com · kesq.com
- [● 3 SOURCES] 64% of adults under 35 expected to go into debt during the holiday season. keyt.com · kioncentralcoast.com · kesq.com
- [● 3 SOURCES] 39% of people reported feeling regret over past holiday overspending. keyt.com · kioncentralcoast.com · kesq.com
- [● 3 SOURCES] One suggested holiday spending limit is between 1% and 1.5% of annual income. keyt.com · kioncentralcoast.com · kesq.com