Christmas is the time of presents, however what many people don’t realize, or at least are beginning to realize is that it truly is better to ‘give than it is to receive’. Comprehensive studies on gifting show that when it comes to gifts giving makes us happier than receiving (Dunn, Aknin and Norton (2008).
Further, research on those who enjoy Christmas the most (Kasser and Sheldon, 2002) shows that those who focus on family, friends, and the religious elements of Christmas have a happier experience than those who focus on the spending and consumerism. So this year we see the retailers complaining that it’s their worst Christmas in years. Retail spending is at an all time low we hear. I wonder then if that means on balance this will be the happiest Christmas for some time.