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Americans have driven themselves into debt this holiday season, and now that the dust of spending sprees has settled in the new year, Americans are lackadaisical about their financial predicament.

In a new study, MagnifyMoney states that, after a rush of holiday spending, Americans are heading into big financial troubles in 2016. Nick Clements, a consumer advocate with MagnifyMoney, says Americans spent more in 2015 while making less.

“While salaries are not higher, Americans spent more on holiday shopping this year,” he says. “MagnifyMoney found the average American spent $833 this holiday season, while MasterCard reported a 7.9% increase in holiday spending over 2014.”

What’s more, many Americans are living paycheck to paycheck. “After spending money on the holidays, 56.3% of Americans have less than $1,000 remaining in their checking and savings account, and 38.3% of Americans will not be able to pay off their credit card this month,” Clements says. “Instead, they will be paying off their credit card balance over time, at high credit card interest rates.”

Despite the challenges that await them, American consumers aren’t particularly anxious.

“Americans aren’t fretting over debt – 85.7% of Americans say they have no regrets about their holiday spending,” Clements notes. “It seems we are a nation that dives happily into holiday debt.”

That’s why Clements is calling for a national “Financial Health Day,” where Americans go to work but spend their day at the office learning more about personal financial issues and strategies. “By setting aside just seven hours to understand finances and set a plan for the future, this financial health day would likely be the highest earning day of the year for most Americans,” he says.

Clements has some company in calling for a national financial health day.

“This is a great idea,” says Bradford Hines , a consultant and founder of Bradhines.com, a professional writing, marketing and design site. “We have Groundhog Day and other frivolous holidays. Why not a day to help people plan a budget every year, too?”

A bonus – financial services companies would eventually jump on the holiday by offering incentives and discounts on that holiday, Hines adds.

Others say such a designated day might help, but it’s going to take more than that to change the way Americans view money, savings and debt.

“Having only one day won’t work in most cases,” says Debbi King, a Washington, D.C.-based personal finance coach. “Think of New Year’s resolutions – we make them on January 1, and they are mostly broken by Jan 15. Your financial health needs to be about a lifestyle not a one time thing. It is great to have a day that brings focus on our finances, but it is important that we focus on them daily. Not paying attention is the main cause of debt and the reason most stay in debt.”

It would take more than financial services companies to get a national financial health day off the ground; all U.S. companies should be involved, other experts believe.

“In theory, I think a financial health day would be helpful,” says Nate, the founder of HackingYourBudget.com who withholds his last name on his site. “However, with the huge number of ‘days’ that people recognize for awareness, I believe it would just get lost in the shuffle.”

“If enough large brands and voices in the media were able to coordinate the sharing of helpful resources, along with the hosting of educational events, I think the day would actually be beneficial,” he says. “Without that, we can’t trust that by simply having a day for financial health that Americans will take the time to assess their finances.”

Another roadblock – there already is a Financial Literacy Month in April, but it’s not having an impact on the American public.

“We have Financial Literacy Month, yet there are no major programs that take advantage of this designation,” says Robert Wilson, a financial advisor with Wilson Insight in Pittsburgh. “We could fix that. There are only three things that people can do with money: make, spend and invest. Each week during Financial Literacy Money could be devoted to topics in each area.”

Launching a national financial health day is a good idea, but a raw one, and it needs development. But imagine one day where all U.S. adults spend it in coaching sessions, workshops, and peer group meetings, learning and exchanging great ideas on money management.

And it would be especially well-timed, now that we’ve woken up after the holiday hangover to see the credit card balances we’ve racked up.