What Did You Give For The Holidays?
Or, did you turn over a new leaf after reading Scroogenomics: why you shouldn't buy presents for the holidays by economist Joel Waldfogel and tamp down on spending? In just over 180 pages, Waldfogel describes the giving season as the Perfect Storm that annually slams into America consuming billions of dollars. Scroogenomics wants us to see reason and think not twice, but thrice, even thrice times twice before we join the 85 billion dollar national spendfest orgy.
According to Scroogenomics we make too many uninformed holiday purchases, max out our credit cards to buy gifts worth less to the receiver than what we actually spend, and everyone ends up less satisfied than you might think.
But wait? Isn’t it too late? The presents have been wrapped, ripped open, and in many cases already returned . Perhaps you might check out Scroogenomics and be ready for Holiday Season 2010. Meanwhile, how was your gift giving?