A Week Too Late: The Deadweight of Christmas

The New Yorker has an article about the waste of Christmas spending:

“Waldfogel’s main finding is that, in general, people spend a lot more on presents than they’re worth to those who receive them, a phenomenon that he calls ‘the deadweight loss of Christmas.'”

The solution? Go small and thoughtful. Buy a gift card. Keep it simple.

That’s about a week too late for me, I suppose. Maybe I can put a link to this article into my Google calendar and set a reminder for next November.

HT: Jordon