Curated News
By: NewsRamp Editorial Staff
November 27, 2025
Hispanic Shoppers Prefer Online Despite Rising Debt Concerns
TLDR
- Consolidated Credit's survey reveals 63% of Hispanic consumers prefer online shopping, offering businesses targeting this demographic a competitive advantage through digital channels.
- The survey methodology involved 300+ US and Puerto Rican adults, with 34% shopping online 2-3 times monthly and payment preferences showing 25% debit cards versus 13% credit cards.
- Consolidated Credit provides free financial counseling to help consumers manage debt and create budgets, promoting financial stability and reducing economic stress for families.
- Despite existing credit card debt, 44% of Hispanic consumers plan to spend $100-500 on holiday shopping, highlighting the tension between financial caution and seasonal spending habits.
Impact - Why it Matters
This research matters because it highlights a growing financial vulnerability affecting millions of Hispanic households during peak shopping seasons. As online shopping becomes increasingly dominant, consumers face the dual challenge of convenience versus financial stability. The findings reveal that many shoppers are making purchasing decisions without understanding their debt-to-income ratios, potentially exacerbating existing credit card debt during holiday periods. This impacts readers directly as it underscores the importance of financial literacy and budgeting, especially when digital shopping makes impulse purchases easier than ever. The consequences of unmanaged holiday spending can lead to year-long financial stress, affecting credit scores, family stability, and long-term financial goals. Understanding these trends helps consumers make more informed decisions and recognize when to seek professional financial counseling.
Summary
A new survey of more than 300 adults in the United States and Puerto Rico reveals that online shopping continues to gain significant ground among Hispanic consumers, with 63% preferring digital purchases over physical stores even during a holiday season marked by rising credit card debt. The convenience of the "virtual cart" is transforming consumer habits, but it also poses substantial risks to family finances. The survey, highlighted by Noticias Newswire, shows that 34% of participants shop online 2 to 3 times monthly, while 8% do so 2 to 3 times weekly, creating potential financial strain without clear monthly budgeting.
Despite existing financial challenges, most respondents plan to spend during year-end festivities, with 44% budgeting between $100 and $500, 26% planning $50 to $100, and 15% investing $500 to $1,000. Payment preferences show debit cards at 25% and credit cards at 13%, but experts express concern about the compounding effect of frequent online purchases on existing debt. Shirley Bolano, a financial journalist expert at Consolidated Credit, warns that emotional shopping combined with unknown debt-to-income ratios can easily trap consumers in a cycle of debt, transforming small purchases into unmanageable financial burdens.
The survey underscores the critical importance of financial planning as a preventive measure against holiday spending becoming an annual burden. Consolidated Credit, the nonprofit organization behind the research, emphasizes that creating realistic budgets and establishing clear spending limits before major sales events can determine whether consumers end the year with stability or increased debt. For those already struggling, Consolidated Credit offers free counseling and educational resources through their financial counseling services to help regain control and build a more stable financial future.
Source Statement
This curated news summary relied on content disributed by Noticias Newswire. Read the original source here, Hispanic Shoppers Prefer Online Despite Rising Debt Concerns
