why do people end up in debt after christmas

On Christmas, the trend of giving gifts is very common among the people. They give gifts to their loved ones. These gifts are the sign of love and care for their friends and family members. People always opt to give the best things to their loved ones. So, on every Christmas, they have to spend a lot of money in purchasing the gifts. This poses a burden on their budgets, and they are ultimately compelled to go for a debt.