Americans' credit card debt reaches $1.2 trillion as online promotions increase by 26% due to the digital trend "spaving."
Digital trend "spaving" involves spending more money to save more overall, with technology and data enhancing brands' ability to entice shoppers. Despite inflation, Americans' credit card debt reached $1.2 trillion, while online promotions increased by 26%. Financial planner Natasha Knox explains this sophistication in understanding consumer habits encourages more spending to achieve savings.
June 24, 2024
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