Want to know how much the average American spends on Christmas gift-giving in a single year?
Keep in mind that this does not include airfare to visit family, food and drink for large gatherings, donations to charity, holiday decorations, or other common yuletide purchases. That’s just the gift-giving.
Given that a majority of Americans don’t have enough savings to cover a $500 emergency, it’s hardly surprising that a majority of Americans also go into debt to buy Christmas gifts.
This indicates there is a startling cognitive dissonance around Christmas. Our cultural scripts constantly remind us that gifts are unnecessary, that the true spirit of the season is love. Yet so many of us martyr ourselves financially to be able to give each other yet more stuff.
It’s hard to push back against the weight of tradition, but the results are well worth the effort. We Bitches, using different systems, have managed to make the last several winter holidays a stress-free, debt-free season. Here are our secrets.Read More