Here's where people get the cash to pay for their Black Friday purchases

Next week, Black Friday and Cyber Monday will kick off the start to the U.S. holiday shopping season, during which consumers are expected to spend a total of $655.8 billion this year.With the average bill coming in at $938.50 for holiday spending, where are people finding the extra cash'We looked back at the last five years of Equifax data to see how consumer debt correlates to holiday purchases.THERE'S CREDIT IN STOREOne way consumers take advantage of Black Friday deals is through the issuance of store credit. Specifically, Black Friday traditionally sees a noteworthy surge in signups to private label cards ' the kind redeemed at stores like Macy's.Each year, roughly half a million Americans are signing up for new accounts on Black Friday:Furniture and department stores are among the biggest providers of this type of credit to consumers. Here are the five-year averages by industry for the months of November and December:CHARGE IT, PLEASEThis bump in activity doesn't stop with new signups for store credit. The average balances on store cards and credit cards both jump noticeably in the months following the holiday season:Every year is different, but the data always follows the same trend.Stocking up on Black Friday deals is not cheap, and extra dollars spent eventually make their way onto the credit card statement with the cost of interest added on.Courtesy of: Visual CapitalistSEE ALSO:Trump's proposed infrastructure plan has a big problemJoin the conversation about this story
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