What if we didn’t give each other presents on Christmas? How would the U.S. economy be different? (Apologies to other economies around the world – I don’t know the impact of Christmas on other economies.)
There wouldn’t be any such thing as Black Friday. Retailers wouldn’t depend on most of their revenues in a four week shopping binge. Would there be that must have toy every year? A Cabbage Patch Kid that every child must have or they’ll just die? Movies that come out in the late summer wouldn’t be rushed out in December. Gadgets wouldn’t be timed to come out at this time of the year.
We also wouldn’t get a lot of stuff either. I wouldn’t have gotten my iPod if I hadn’t been able to justify it as my Christmas present. And I bet a lot of jewelry wouldn’t be purchased if it weren’t for Christmas.
Or would birthdays be the big thing instead? I mean, we have to buy what’s produced at some point, or it wouldn’t get produced.
What do you think? How do you think our economy would be different?