00:00 Would you rather save money by not shopping at all or by shopping for big bargains?
00:04 Black Friday generates billions of dollars in profits on a single day.
00:08 There are definitely some advantages.
00:11 You save money if you buy things you need.
00:13 In times of inflation, when demand is down, retailers are willing to offer bigger discounts.
00:18 But shopping events like Black Friday can also encourage unnecessary consumption.
00:23 Suppliers sometimes raise prices weeks before the sale, which means there are no real price
00:28 reductions.
00:29 According to studies, the average discount is just 5%.
00:33 And the sales extravaganza comes with a hefty price tag for the environment.
00:37 Research has shown that shipping and returns are responsible for tons of CO2.
00:42 And many purchases, along with their plastic packaging, end up in landfills.
00:47 Maybe participating in Buy Nothing Day would be the better alternative.
00:51 (upbeat music)
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