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Giving Less Gifts

Fewer Gifts and Frills Are Expected in a Rough Economy

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Posted on 12/12/2009 11:55 EST
Filed in: Commentary, Gifts, Holidays

Snagging a spot on your cousin's gift list this year may be as likely as landing an invite to the next White House state dinner. With all-things frugal making the rounds in this recession holiday season, The New York Times reports that some people are paring their lists and not thinking twice.

"GETTING onto someone's gift list this Christmas is like getting past a velvet rope.

Victoria Shtainer narrowed hers by age and rank. Children? They're in. Top clients? In. Everyone else? Perhaps post-recession.

"This year I decided we're going to give presents only to the children, not the adults in the family," said Ms. Shtainer, a real estate broker in Manhattan with Prudential Douglas Elliman, "because everyone is making less..."

Read more on The New York Times »