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Christmas is 'Orgy of Wealth Destruction'

Wed 02 Dec 09 | 01:35 PM ET
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Christmas is 'Orgy of Wealth Destruction'

Wed 02 Dec 09 | 01:35 PM ET
Christmas present giving is an "orgy of wealth destruction," according to Joel Waldfogel, author of Scroogenomics. "People value the items people buy for them as gifts 20% less, per dollar spent, than the items they purchase for themselves," he said.

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Economy (U.S.)
 
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