Yippee! Last year we spent $10.66 billion on Black Friday. That’s billion with a “B”. $41 billion was the entire 2009 weekend’s take. Many say we “need” a robust holiday buying season, but millions haven’t finished paying for last year. If we add to the $2.4 trillion in consumer debt, then how does that get paid off before Black Friday 2011?
And what about the stress new bills will generate? It’s bad.
What’s the impact on our minds & bodies? It’s really bad.
Is it good for the long haul? No. It can damage our memory and learning and processing abilities. Not something you want along for the long haul.
So … here’s our advice. Change directions. About face. Don’t add any new debt. Just don’t. Go shopping on Black Friday, but don’t spend more than you have. Your kids will understand. It will be okay. Get a friend to make a pact & just say “no” to new debt.
Dr. Paul Nussbaum joins us again talking about the effects of chronic stress. Good stuff.