During the holidays many people get into debt because they are making so many purchases for gifts. They also spend a lot of money on new sweaters or dresses to look nice on Christmas day. People also buy a lot of food and alcohol to provide for their family and friends. All these purchases cause many people to get into debt for the new year. Most of these people are expecting a nice big Christmas bonus and or a nice tax return to pay off this debt. As a result of all this shopping and purchasing can be very bad for the economy.
Is there any ways that this can be good for the economy?
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