That means a lot of Americans will probably end up with big bills.
And with a lot of shopping still to go, Mary Hunt, the author Debt Proof Your Christmas, visited The Couch to tell us how to shop smart this holiday season.
Some of her top tips are basic: Develop a plan, shop early, pay with cash and use coupons. Hunt also suggest using a Secret Santa system and limiting gift giving to the children in the family.
For more, check out the video below.