Study: US consumers expect to rack up $80B in debt by end of 2016

With Christmas just around the corner, a WalletHub study projects that U.S. consumers will have spent a net increase of about $80 billion in credit card debt in 2016. And many could argue that Americans like to spend money they do not have.  The study reported, “Outstanding credit card debt is at the highest point since the end of 2008, and Q3 did nothing to divert us from a collision course with the $1 trillion mark.” As a result, indebted households owe an average…