News That Affects You - Youth Magazine Staff - December 1982

Youth Magazine Staff

Santa's $14 Billion Gift List - What If Your City Had 30 Million People? - On the OTHER Hand... - COUNTRY IN FOCUS: Mexico: News Story 1: Santa Claus must have a huge budget. Last Christmas he brought $14 billion worth of gifts to the United States alone. "No other event inspires as much irrational spending year in and year out," wrote Margaret Yao of The Wall Street Journal about Christmas buying sprees. (Apparently she doesn't believe in Santa Claus') How much money is $14 billion? With that much money you could buy each man, woman and child in the United States a portable stereo cassette tape player. Then with the money left over you could buy them each a few blank tapes. - Information Supplied By: Herbert W Armstrong Library