A greater number of consumers say they will eschew credit card debt altogether this holiday season, as 40 percent of people said they will not use these accounts at all this year, up from 35 percent last year, according to a new poll from Morpace.
Meanwhile, every other category of people who say they will take on credit card debt this holiday season grew smaller, save for one, the report said. Only those who will do 60 to 79 percent of their shopping using cards held steady at 7 percent, while other groups shrank by a percentage point or two. Still, the number of people who will make all their purchases with these accounts came in at 15 percent.
Many consumers have altered their shopping habits in light of the recent recession, which saw them face greater financial difficulty and mounting credit card debt.