Survey: Americans Have $20B+ In Unused Cards/Credits
U.S. ADULTS HAVE MORE THAN $20 BILLION IN UNUSED GIFT CARDS OR OTHER LEFTOVER CREDITS
Montgomery, AL (WSFA) – Americans are letting a lot of gift cards or other credits go to waste.
Billions of dollars worth!
A new survey from bankrate.com indicates that there are about $21-billion worth of gift cards, airline vouchers, and store credits going unused.
Millennials lead the pack; they leave cards and credits unused cards at a rate of 55% followed by Gen Z and baby boomers, while Gen X has the lowest rate, at 46%.
Those with higher incomes are more likely to let gift cards or credits expire.
64% of Americans say they expect to use the cards or credits eventually, but just over a third say they probably won’t.