Black Friday Deals Can Put People in Debt. Here’s How to Manage It.
The New York Times • • business
Key Points:
- Kristen Conti, a 60-year-old real estate agent, usually enjoys Black Friday shopping but is now trying to avoid spending due to over $50,000 in credit card debt caused by her shopping habits.
- Last year, Americans spent $10.8 billion online on Black Friday, driven by sales that create urgency and the ease of one-click purchases and "buy now, pay later" options, which can lead to overspending.
- Many shoppers, like Conti and Christina Mychaskiw, who previously used shopping to relieve stress or boredom, are now attempting to curb their spending habits to manage debt.
- To resist temptation this year, Conti plans to spend Black Friday with her niece at a capybara
