Christmas Tree Shortage Could Raise Prices

It's beginning to look a lot like Christmas... Just ask your wallet!

Due to a Christmas tree shortage, prices are expected to be higher than usual this year. Experts Say prices could be as much as 15-20% higher than usual.

Real Christmas trees have become even more popular in recent years as people learn about the environmental benefits of getting a real tree versus buying a fake one. The shortage isn't just due to their increased popularity though. Christmas trees take about 10 years to mature, and the 2008 financial crisis caused a slowing down of planting, so now there are fewer trees to cut. Global warming and massive forest fires have also contributed to the lack of trees.

Hedge your bets and make sure you get a tree early this year, or you could end up treeless.

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