Christmas is not canceled, and Scrooge would still find plenty of merriment to cry "Humbug!" about. But from Paris to Hong Kong and beyond, families are cutting back on Christmas expenses as they try to keep the fires of festive cheer burning in tough economic times.
For some, the crisis means no presents for close family or giving useful presents, like clothes or books. For others, decorations and Christmas vacations are out, economy-drives are in.
Pollsters Gallup say Americans' planned Christmas spending is at a 10-year low. In France, supermarkets have trimmed their orders of Champagne, unsure whether revelers will be in the mood for _ or able …
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