“Almost half of Americans are holding on to $21 billion in unused gift cards, store credits”
August 25, 2022
“Even as many people struggle to stretch their incomes amid high inflation, it turns out there’s money they already have they’re probably overlooking — unused gift cards.
To that point, 47% of people currently have at least one unused gift card, voucher or store credit, according to a new survey from CreditCards.com.
The average unused amount is $175 per person, up from $116 last year. For the entire U.S. adult population, that may add up to $21 billion, CreditCards.com estimates…
When broken down by household income, those with between $80,000 and $99,999 were most likely to have unused gift cards, with 57%, at an average value of $227.
Respondents with incomes of more than $100,000 were next, at 56%, and an average value of $265.
Those with lower earnings were less likely to let the sums go unused. Still, 41% of those with household incomes under $50,000 reported having unused gift cards, as well as 53% of those with between $50,000 and $79,999…”
https://www.cnbc.com/2022/08/22/unspent-gift-cards-climb-to-average-of-175-per-person.html