Resumption of Student Loan Payments Impacts Holiday Spending

Financial strain prompts Americans to seek budgeting strategies and affordable gift alternatives.

Many Americans are struggling to afford holiday gifts due to the resumption of student loan payments.
The end of the COVID-era payment pause has left many with less disposable income for holiday spending.
Financial experts recommend budgeting methods like the 50-30-20 rule to manage holiday spending.
Communicating financial struggles to loved ones and focusing on experiences rather than material gifts are suggested strategies.
Using credit responsibly and exploring affordable gift alternatives can also help manage holiday spending.