Top Economy-Stimulating Father's Day Gifts

Lagniappe
If your father is wishing for a speedy economic recovery this Father's Day, you may be able to give him a present that will help. While all spending stimulates the economy, not all spending stimulates the economy equally. In fact, much like the federal government's spending the dollars we spend on our Father's Day presents can have more or less than a 100% effect on the overall economy. If we choose the right presents for Father's Day every dollar we spend could end up acting like two dollars, and dad can have the present he really wants a stable economy in which to retire.

Yeah, that's the ticket.
Tickets to sporting events, concerts, or other performances (i.e. monster truck rallies, wrestling matches, boat shows) offer a fantastic economic recovery bonus for every dollar you spend. But how can one dollar act like two? Say you spend fifty dollars on a Father's Day ticket for a sporting event. Your father will have to travel to that event, using gas or paying for public transport. Dollars added to the economy. Your father will likely buy food and drinks at the event. And, if we're lucky buy a piece of memorabilia to commemorate your thoughtful Father's Day gift. If you take all the money your father (and his friend if you were nice enough to get him two tickets) spends during the outing you arranged and add that to the money you spent on your Father's Day present you get your total contribution to our economic recovery.

It's the thought that counts.
While not often thought of as the most intimate or personal gift, giving your father a gift card for Father's Day will do wonders for stimulating the economy. After you explain the gross economic impact of a gift card, and your intention to provide your pater familius with a comfortable economy in which to retire, your father may come to appreciate the gift (at least as much as a neck tie). But you don't have to leave your house to use a gift card? My father could buy things online. True, however, gift cards work in much the way food stamps, the most economically stimulating dollars the government spends, work. No one wants to have a gift card with a $1.29 balance left over. That's a waste of money. And since it is nearly impossible to hit the gift card dollar amount on the head, we all tend to overspend, or buy something we really wanted but thought was a bit too expensive. Then there is the shipping charge for your father's day present. Add up the cost of the card, the extra cash your father spent once you got him in the store, or on the website, the shipping and handling fees, and you'll have the total contribution to our economic recovery your father's day gift has provided.

Some of you may be thinking that it is not very nice to be thinking of ways to make your father spend his own money as well as your money this Father's Day. Granted, however as my Gran-Pappy always said "economic stimulus starts at home."

Published by Lagniappe

Formerly known as Baton Rouge Lagniappe, now just plain Lagniappe roams the world reading, writing, and loving.  View profile

  • Tickets to sporting events a fantastic economic recovery bonus for every dollar you spend.
  • Gift cards work in much the way food stamps work
Gran-Pappy always said "economic stimulus starts at home".

3 Comments

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  • Camille Atkinson5/18/2009

    What an analysis! Really never thought of any form of spend that way in terms of effects on the economy

  • Sunshine5/17/2009

    Interesting way of looking at it!

  • Tina Molly Lang5/16/2009

    sounds like you have a Father's Day stimulus package!

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