Is that first post-holiday credit card statement worth it to see your kids’ eyes light up at the spread under the tree? More than half of parents with kids under 18 say it is
The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
Is that first stomach-dropping, post-holiday credit card statement worth it to see your kids’ eyes light up at the spread under the tree? More than half of parents with kids under 18 say it is, according to a November 2013 poll by Lexington Law.
Willingness to go into the red for the holidays declines with age, however. When asked what was most important during the holidays (buying gifts for loved ones, having a budget or staying out of credit card debt), 26 percent of those over 45 said avoiding debt was most important. Only 13 percent of 18-to-34-year olds said the same.
The chart below shows the percentage of parents willing to go into various amounts of debt over the holidays.
To use the graphic on your site, use the following code: