Consumers Spent a Record $5.29 Billion on Thanksgiving Day. But Will That Lead to Loads of Debt?

A lot of people regard Thanksgiving as a day to spend with family (and, let's be real, consume mass quantities of delicious food). While Black Friday is commonly touted as the biggest shopping event of the year, it's become common practice for retailers to put their Black Friday discounts in place a day early so consumers can pounce. Meanwhile, this year, consumers spent a record $5.29 billion on Thanksgiving Day, according to initial data from Adobe.