Americans Wish the Holidays Were Less Materialistic

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Dec 24 2005 - 9:47am

Money and Holidays

Americans are looking for creative ways to simplify the holidays.

In a new poll commissioned by the Center for a New American Dream, more than 3 in 4 Americans (76%) say that kids are too materialistic, and the holiday season just makes things worse. Only 28% of those polled say that it is necessary to spend a lot of money in order to have a fulfilling and enjoyable holiday, and nearly four out of five Americans surveyed said that they would like to have a more simplified holiday season this year. "People are focusing on what really matters - financial security, relaxing time with family and friends, and reduced stress during the holiday season," says Taylor.

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In a new trend, many Americans plan to save money during the holiday season. The poll shows that more than three out of five Americans (62%) say they are or may be considering giving family members gifts such as savings bonds or piggy banks this year. "American consumers are encouraged to spend. At the same time, they are being told to save money. This holiday season, a growing number are shopping for piggy banks and leaving their credit cards at home," says Betsy Taylor, President of the Center for a New American Dream, a non-profit group based in Maryland that helps Americans consume responsibly for a better world.

Here are a few tips for simplifying the holidays this year:

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