How the Christmas Season Affects the Economy

Isabelle Herdeman

11/28/16

Mr. Reuter

A2

How Christmas Affects the Economy

With Thanksgiving being last week, Christmas is now in full swing and people are really starting to get into the holiday spirit. Between food, decorations, presents and other holiday necessities people tend to spend an astronomical amount of money. There are many different ways in which the economy is affected by the Christmas season.

Christmas has a large impact on the economic stimulus for many different places around the world and rakes in a ton of money for retail industries. Black Friday is a day when many people around the US do their Christmas shopping because of the deals that many different retailers have. According to the National Retail Federation, 154 million people went out shopping on Black Friday and 122 million people participated in Cyber Monday. The retail Industry made approximately 3.08 trillion dollars in 2013, and has been increasing since. People have spent more money on christmas gifts over the years.   

Another aspect of christmas that brings in a large amount of money is Christmas trees. Whether you buy a real or fake Christmas tree almost everyone gets a tree to put up in their house to decorate for the holiday. During the Christmas season there is obviously a large demand for chrismas trees which means there will also be a large supply as well. This year there was approximately 35 million christmas trees sold, 22 million real trees, and 13 million fake. More people tend to buy real trees because they tend to cost only around $40 while artificial trees cost about $100.

Lastly, Christmas vacations greatly affect the economy because of the amount of people that travel for the holidays. During the christmas season the airlines tend to bring in alot of money because they raise their prices, due to so many people traveling. This is the peak of the travel time for many people so there is much more demand for airline tickets, causing the prices to fluctuate.Overall airports make alot more money during the christmas season because so many people travel for the holidays and the airline ticket prices are raised.  

Overall Christmas can add up to be a very expensive holiday, but everyone still celebrates it and will always celebrate christmas. Between trees, decorations, presents and airline tickets, you end up spending a large amount of money. However, people are willing to spend some money to have an amazing christmas holiday season.

                                                            Works Cited

The Atlantic. Atlantic Media Company, n.d. Web. 28 Nov. 2016.

J.Taylor, Omaha NE. "The Economic Impact of Christmas Shopping." Teen Essay About U.s. N.p., n.d. Web. 28 Nov. 2016.

"Real vs. Artificial Christmas Trees." Difference and Comparison | Diffen. N.p., n.d. Web. 28 Nov. 2016.

Stribling, Richard. "Economic Impact of Holiday Season." Business Insider. Business Insider, 2011. Web. 28 Nov. 2016.

Wilson, Jamar. "Topic: U.S. Christmas Season." Www.statista.com. N.p., 2015. Web. 28 Nov. 2016.

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