Survey shows gift cards were one of the most popular Christmas gifts this year
COLUMBIA, SC (WOLO)– According to the National Retail Federation’s annual holiday survey, one of the most popular Christmas gifts this year was gift cards. 49% of people said they bought three to four gift cards.
The survey predicts consumers spent $27.5 billion dollars on gift cards this holiday season. On the other hand, another survey found a quarter of adults let their gift cards expire, and 22% end up losing them. To ensure that doesn’t happen, the Federal Trade Commission encourages people to use their gift cards as soon as possible, and to treat them like cash.