This holiday season, Americans are projected to hit record spending levels, with the National Retail Federation estimating up to $989 billion. However, a LendingTree survey reveals that 36% have accrued additional credit card debt, averaging $1,181, a 14% increase from last year. Factors like inflation and domestic economic conditions compel consumers to rely on credit, with alarming consequences for their financial health. The disparity in debt levels among income brackets highlights the inequality of financial stress during this season. As New Year's resolutions approach, paying down this debt emerges as a top priority for many.