Do You See Christmas Cards?

In 2007 consumer reports said that 12 million Americans were still paying off Christmas from the year prior. In 1998 the National Retail Federation which likes to come out with their annual forecast of how much Americans are going to spend on holiday gifts and just anything that has to do with the holidays they forecasted 173 billion in 1998. The National Retail Federation projects that we will spend $437.6 billion in a recession this year. We're going to spend half a trillion dollars on Christmas in a recession.