35 min listen
The Company That Cancelled Christmas
The Company That Cancelled Christmas
ratings:
Length:
36 minutes
Released:
Dec 9, 2022
Format:
Podcast episode
Description
More than 100,000 families - many of them amongst the poorest in Britain - put money aside for Christmas gifts and other seasonal treats in a savings club called Farepak. It wasn't a bank, and it wasn't great value for money... and it went bust. Kids went without toys, and festive dinner tables were left bare.
Why would someone put their hard-earned money into such a scheme? And what does it tell us about how we often view Christmas as a time for frenzied spending?
For a full list of sources used in this episode visit Tim Harford.com
CAUTIONARY TALES RETURNS 6 JAN, 2023. HAPPY HOLIDAYS AND SEE YOU IN THE NEW YEAR. See omnystudio.com/listener for privacy information.
Why would someone put their hard-earned money into such a scheme? And what does it tell us about how we often view Christmas as a time for frenzied spending?
For a full list of sources used in this episode visit Tim Harford.com
CAUTIONARY TALES RETURNS 6 JAN, 2023. HAPPY HOLIDAYS AND SEE YOU IN THE NEW YEAR. See omnystudio.com/listener for privacy information.
Released:
Dec 9, 2022
Format:
Podcast episode
Titles in the series (100)
DANGER: Rocks Ahead!: Why did an oil tanker captain steer his beloved ship towards a reef? It's a mistake many of us make. by Cautionary Tales with Tim Harford