Money Lab 
4
comments

Are must-have Christmas gifts getting more expensive?

Email  Print Print  

Are the gifts kids want for Christmas getting more expensive?It seems like the one constant around the holidays is people complaining about how spoiled kids are today, and how out-of-control holiday costs have become. But are the gifts we give kids really that much more expensive than the ones you’d find under the tree back in the “good old days”?

What got me wondering about this question was a really cool infographic, “50 years 50 toys,” created by Abby Ryan Design that’s been floating around the Web. While the infographic isn’t based on exact sales figures, etc., I think it gives a pretty good representation of what people were buying as their primary gift for kids throughout the years. So I set out to research the cost of all the toys that appear in the infographic in the year they were the hot toy to have.

At first glance, it definitely looks like each season’s “must-have” toy has gotten more expensive and elaborate, but I wanted to see if that was true if you take into account inflation. After all, you can say, “Man, cars have gotten so much more expensive since the ’60s,” but a lot of that increase can be chalked up to inflation. I feel like at some point it was possible to get an almost infinite amount of crap for $1 (as Louis C.K. jokes about in this pretty amazing NSFW routine).

But back to the toys, I scoured the Internet for historical prices, using primary resources wherever I could. It’s kind of an inexact science, since prices fluctuate so much and can very depending on where you are, and I wasn’t able to find reliable prices for everything. But after putting them into a giant spreadsheet, here’s what I found: It does appear that the “hot toy” of the holiday season has gotten pricier.

 

Price of must-have Christmas gifts, 1963-2012

| Infographics

Before 1979, when the Atari 400 ushered in the age of the video game console, no hot holiday toy had come in at above the $200 mark in 2013 dollars. After that, we saw increasingly elaborate must-have Christmas gifts become the norm. As you can see in the chart below, it’s now unusual to have the highest profile holiday gift come in at less than $200.

You can definitely debate about whether the hot toys in a given holiday season are at all representative of what most people actually end up buying their kids. But I think it would be hard to argue that the norm of what’s marketed as a “hot Christmas gift for kids” is anywhere near what it was in the ’60s and most of the ’70s.

I think this is ultimately a negative trend. I don’t think you can say with any kind of certainty that the cash we’re pouring into video game systems and iPads for kids necessarily making them happier, and you could probably make a solid argument that it’s making them more fat. On the other hand, the U.S. savings rate has plummeted since that time, in part because of overspending by U.S. consumers.

What do you think? Have the gifts kids want for Christmas gotten more expensive since the “good old days”? Or should I leave Chistmas alooooooone?

{ 4 comments, please add your thoughts now! }

Related Posts


RSS Subscribe Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.

4 Responses to “Are must-have Christmas gifts getting more expensive?”

  1. Amber says:

    This year instead of buying gifts for ourselves, we will be adopting another less fortunate family and buying them gifts. Have a great Holiday!

  2. Randy says:

    Well I don’t have kids yet so I haven’t been introduced to the world of chaos and toys during the Christmas season, but I still enjoyed reading this article!

  3. Meagan says:

    I don’t think Xmas toys have gotten more expensive in my lifetime. I just barely make the post-Atari dividing line. But I don’t think most parents buy the “must have” toy of the year. Atleast I know I don’t! My kids usually want something outlandish like a real alive pink poodle. I stick to one or two fun toys, a few items of clothing/shoes that they need and some stocking stuffers.

  4. Stephanie says:

    Young peoples toys have definitely gotten more expensive compared to the income that is needed to support the “wants” It depends on the “toy” When it comes to game consoles parents that make good money can’t afford them mostly because all the other stuff they need to buy is so much money. If you have your kids in sports, you understand. Thanks to the Lord for providing Grandparents.


Please Leave a Reply
Bargaineering Comment Policy


Previous Article: «
Next Article: »
Advertising Disclosure: Bargaineering may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
About | Contact Me | Privacy Policy/Your California Privacy Rights | Terms of Use | Press
Copyright © 2014 by www.Bargaineering.com. All rights reserved.