Holiday spending up despite slow payoff

Financial counselors like Jacksonport’s Gay Pustaver have their work cut out for them as Christmas is just over two weeks away. Holiday spending is projected to go up approximately four percent from last year to over $1,000 for the average consumer according to the National Retail Federation. This is despite over 40 million Americans trying to figure out how to pay off 2017’s Christmas bills. Spending on top of last year’s holiday debt can add to the stress of the season. Pustaver, the executive director of Sturgeon Bay-based Money Management Counselors, says just because items make it on your child’s wish list does not mean you have to buy it.



A recent survey by T. Rowe Price showed 45 percent of parents believe they need to try to buy everything on their kids’ lists, even if it means financing more of their purchases or sacrificing their retirement savings down the road.

Search Our Site

Current Weather




Will you follow the newest CDC guideline for vaccinated people to wear masks in public indoor facilities?
Add a Comment
(Fields are Optional)

Your email address is never published.

Birthday Club

Sports Poll

Do you agree with Aaron Rodgers and the Green Bay Packers' decision to bring back Randall Cobb?
Add a Comment
(Fields are Optional)

Your email address is never published.

Obituaries are provided as a service of the

Schinderle Funeral Home of Algoma


Click Here for more Obituaries

Obituary posting fee is $25


Sign up for our Daily Electronic Newspaper!

Get the latest news with our Daily Electronic Newspaper delivered to your inbox.

Get the latest updates for Big Deals delivered to your inbox every Monday, Wednesday & Friday.