I have no doubt that there are many businesses that depend on the holidays for a large portion of their profits, but it's such a waste from an individual perspective. All of the money that people spend on gifts for others on the holidays could be better used, in my opinion. I don't mean to sound selfish, but how often do you really receive something that you want or need? How often do the people that you buy for need or want the stuff that you give?
I have been asked many times this month what I want for Christmas, and I honestly don't want anything except for things that I use on a daily basis like bulk packages of toilet paper or dog food...you know the things I
would buy if I wasn't spending money on Christmas presents, but people won't buy those things, because they want to give you something fun....like an endless array of knick-knacks or perfume or bubble bath.

I have no room for those objects, and I feel ungrateful if I get rid of them, so it just adds to the clutter in my house.
I have been very honest with people that I will not be buying Christmas presents this year, nor do I want them to give me gifts in return. All it does is create unwanted stress and ruin the actual fun part of the holidays which is being with the people that I love. I am a class A grinch, but I think it's practical.
The economy, and I'll admit that I'm no expert, seems like it should balance itself out regardless of whether or not people go out on a massive spending spree. It will merely shift the focus to different types of products...perhaps more wanted and used products. Is this a naive thought?