Shoppers’ holiday debts likely to last until March

NEW YORK It's known as the "holiday debt hangover," and this year it could be a doozy.

The phrase refers to the debt - mainly credit card bills - that consumers accumulate as they shop for Hanukkah, Christmas and Kwanzaa.

A new poll by Consumer Reports magazine, which is published by the nonprofit advocacy group Consumers Union in Yonkers, N.Y., found that 23 percent of those surveyed said they will not pay off their holiday debt until March or later.

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