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That's a lot of expensive presents.... Christmas is really getting overblown, especially in America. When I was that age the sum total of my presents at Christmas would have come to about the worth of 1 launch GameCube, and I am including presents from aunts/uncles/grandparents.

Unless kids are getting no pocket money these days instead?

(for reference, I got half of my launch GameCube paid for as one of my birthday presents, I paid for the other half [albeit using money given to me as pocket money])