US consumers expected to use credit cards more for holiday shopping, survey says

NEW YORK, Nov 20 (Reuters) – U.S. consumers expect to rely more heavily on credit cards for shopping during the Thanksgiving holiday season, according to a survey by credit bureau TransUnion.
According to TransUnion’s U.S. Consumer Pulse study that surveyed 3,000 people in October, 42% of consumers intend to use credit cards to pay for shopping between Thanksgiving and Cyber Monday, up from 38% a year ago.
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The majority of consumers, around 55%, are optimistic about their household finances over the next 12 months, although the percentage is down from 58% last year.
Inflation remains by far the top financial worry, with 86% of consumers concerned about the issue. A potential recession and high housing prices are also among consumers’ concerns.