Yes it does. It's a lot less magical knowing that it's your parents putting presents under the tree. The Easter bunny I'm not so fussed with cause there's Easter eggs all over the shops and no one can really agree on his backstory. But santa was a different kettle of fish. I was once told I couldn't go downstairs before 7. I woke up at 4 and just stared at the clock watching it turn over until it hit 7. Then ran downstairs. That's the kind of magic you get with santa. And what's wrong with letting kids believe in magic? I dont a generation of cynical children who'll just demand more off their parents

I honestly didn't know that you guys tell children that the Easter bunny was real or that it was supposed to give children candy. Where I am from the kids hide each others eggs (a BIG one filled with candy and a proverb) and make a Treasure map. I thought the bunny was just symbolic like the little yellow chicks and pretty flowers. Also on christmas The family gives each other gifts not the Santa Clauses (we have several). There is no less magic, you still get funny little men in red, cartoonish cat, the Tooth fairy, Sandman and so on. Additionally your parents get the credit and are in control.

My parents never let me believe in Santa. There were still presents under the tree, wrapped. Every Christmas, we'd sit down and open presents from each other. Don't tell me that's not magical. Also, I didn't turn into a demanding brat.