Christmas will no longer be on credit for many shoppers, despite tempting offers from retailers and credit card companies trying to coax the plastic out of consumers’ wallets.
The lowest percentage of shoppers in the 27-year-history of a national survey said they used credit cards over the Thanksgiving weekend, while the use of general credit cards like Visa and MasterCard fell 11 percent in the third quarter from a year earlier, according to the credit bureau TransUnion.
This strikes me as a good trend. Too many people spend months paying off their Christmas spending spree -- and too many people never get it entirely paid off. Living within your means isn't sexy or even fun, but it's relatively sustainable.