Good things come in small packages, which might explain the popularity of gift cards. Each year, the pocket-sized presents pack a big economic punch.
"There are $90 billion in sales a year in gift cards. That is a huge number," says CardCash.com Vice President of Research Liz Luke.
According to the National Retail Federation, gift cards have been the number one requested item for the past five years. This year, roughly 58 percent of consumers said they would like to receive one, and eight out of 10 shoppers plan to give them.
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Uploaded by discountstop on Dec 10, 2011
Billions of dollars' worth of gift cards go unspent every year, but it's easy to use those unwanted cards to one's advantage. NY1's Money Matters reporter Tara Lynn Wagner filed the following report.
Good things come in small packages, which might explain the popularity of gift cards. Each year, the pocket-sized presents pack a big economic punch.
"There are $90 billion in sales a year in gift cards. That is a huge number," says CardCash.com Vice President of Research Liz Luke.
According to the National Retail Federation, gift cards have been the number one requested item for the past five years. This year, roughly 58 percent of consumers said they would like to receive one, and eight out of 10 shoppers plan to give them.
http://CardCash.com
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