Virginia residents may not necessarily be against using a credit card to fund their holiday shopping. A study from Creditcards.com found that 51% of respondents who had credit card debt were willing to go deeper into debt during the holidays. It also found that 50% of male respondents who had credit cards had no problem spending more on gifts and other related seasonal expenses. Only 41% of female respondents who had credit cards said the same thing.
A person's age may also influence whether or not he or she would be willing to use a credit card to pay for holiday expenses. Only 34% of those who are classified as baby boomers would go into debt to buy gifts while that number increased to 52% for millennials. Of respondents who chose to go into debt this holiday season, 42% said that they were doing it to make themselves happy.