It’s probably no surprise that kids are making out like bandits in this so-called recession. Perfect present fodder like toys and video games barely suffered a dent in sales this year, according to market research firm NPD Group. MarketWatch brings us the no-brainer reasons why:
2) Presents for any occasion are associated with the divine.
“With things like birthdays, Christmas, the tooth fairy, people regard those to some extent as sacred,” Paul Donahue, a Scarsdale, N.Y.-based clinical psychologist and author of Parenting Without Fear.
3) Parents who do not participate in ceremonial gift-giving may need to see a therapist.
“People are so resistant to make changes because of feelings of guilt, feelings of shame, sadness,” Kathleen Gurney, a psychologist and chief executive of Financial Psychology Corp., a Sarasota, Fla., advisory firm, said.
So there you have it: kids are the new evil Wall Street bankers of this economy.