Christmas consumerism and spending is out of control

WION New Delhi, Delhi, India Dec 13, 2016, 11.49 AM (IST)
The countdown has begun. It's Christmas in just under 2 weeks from now and the world is decked out in bright lights and lots of glitter. Analysts in the united states, the mother of all consumer economies, expect that people will spend 10% more than last year and shoppers around the world seem to be faithfully doing the same.