Mr. Cooper Survey: A Third of Americans Would Rather Skip the Holidays Than Spend Money on Gifts
NATIONSTAR MTG (NSM)
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Source: Business Wire
Household debt is cited as a stressor during the holiday season DALLAS--(BUSINESS WIRE)-- Mr. Cooper®, the nation’s largest non-bank mortgage servicer, today announced the results of a nationwide survey of 1,155 Americans showing that household debt and credit are key drivers of stress during the holiday season. Almost half of Americans are already in credit card debt and a third said they “at least somewhat wished they could skip the holiday season rather than spend money on gifts.” “U.S. consumer debt is growing by half a trillion dollars each year, and we are seeing the stress of debt take its toll on Americans. Our data confirms that the debt crisis is an ongoing issue,” said Jay Bray, Chairman and CEO of Nationstar Mortgage Holdings, the holding company for the Mr. Cooper brand. “With home equity at its highest levels since before the crisis, the home has become the most importa
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