The Holiday Season
Christmas is among us and is coming fast. About 9 out of 10 americans celebrate christmas every year. Christmas isn’t about gifts it's about being with your family, is what your supposed to say, but without gifts it wouldn’t feel like christmas. Christmas is great for our economy because it boosts businesses and increases sales, because people spend all their money buying gifts for their families. A average person in america will spend around 700 dollars on gifts alone every year. That generates around 465 BILLION dollars every year. That’s just on christmas gifts, there are other things that people buy during christmas. Like lights, decorations, eggnog, fruitcakes, and ugly sweaters. Christmas account for half of some companies and shops revenue. If you took away the month of november and december companies would be in a permanent depression.
But because we have christmas, sales have been rising every year by billions. To put this into perspective the U.S. citizens spend a combined amount of 455 billion more dollars on gifts than the total amount of money spent during halloween. Which is a total of 9 billion. But with this increase of demand comes and increase of labor.
During christmas business retailers hired 50 thousand temporary workers for companies all over the U.S. So not only does it bring in money, it increases the economy by creating thousands of jobs. Retail companies are also hiring people during the holidays. They have created around 140 thousand temporary jobs that are expected to last though january. By the end of this season christmas is expected to create 627 thousand totaljobs.
Looking at these charts, christmas has a huge economic impact on not only america but the whole world. If christmas wasn’t ever a holiday, or became popular. Then a lot of our sales and a good portion of our jobs would have never been there.
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Thompson, Derek. “Is Christmas Bad for the Economy?” The Atlantic, Atlantic Media Company, 7 Dec. 2011, www.theatlantic.com/business/archive/2011/12/is-christmas-bad-for-the-economy/249618/.
Lipka, Michael. “5 Facts about Christmas in America.” Pew Research Center, 21 Dec. 2015, www.pewresearch.org/fact-tank/2015/12/21/5-facts-about-christmas-in-america/.