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Forced holiday savings

11/28/2008 JAN HOFFMAN THE NEW YORK TIMES
The economic downturn is causing families to cut back on presents and festivity expenses for this holiday season. Some families that previously gave generously to charities are finding themselves recipients of donations. While limiting holiday expenditures can be humiliating, some families revert to the principle that simpler is better, and are forgoing holiday niceties to buy gifts for their children.

Original story

Labels: economic downturn, holiday spending

posted by Valaree and Brea at 3:12 PM