According to an article in USA Today, more consumers give new cars as gifts than they ever have before. Specifically, gifts tend to be luxury model cars.
It’s hard to fathom what is needed to afford this type of thing. I’m struggling with coming out on top at the end of the month even while spending under $200 in gifts this year.
Updated March 5, 2014 and originally published December 23, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.