We don't celebrate the aforementioned festivals, but how much I had seen or heard, I would say disagree.
More than due to festivals, it is due to the people who think and believe that every festivals should be associated with gifts and items exchanges.
Festivals are meant to be celebrated together, than with thinking about bragging rights. This statement is exact statement given to me by my UK friend, who told me that he use to go away along with his wife from his city during these festivals, in order to obtain peace of mind.
Front Camera(Selfie) is not necessary, but it just due to useless belief of adding oneself into those photo moments..