Overblown birthday parties

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What happened to the simple days of cake and ice cream to celebrate a child's birthday? Research shows many parents are shelling out nearly $800 a year for parties and a good bit of that money is for gifts and goodie bags for the friends attending. 

Gift bags for guests have become a popular trend at kiddie birthday parties. 

Research shows the grand total for 21 years of birthday parties is about $30,000. 

Do you think birthday parties have become overblown?